Pharmaceutical imports under Indian credit to begin next month

29 January 2022 06:41 am - 4 - {{hitsCtrl.values.hits}}

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Sri Lanka will take steps to import essential medicinal drugs from India under the line of credit next month, a Minister said.

State Minister of Production, Supply and Regulation of Pharmaceuticals Prof. Channa Jayasumana said he, along with Finance Minister Basil Rajapaksa, held talks with the Indian High Commissioner Gopal Baglay on the sidelines of the Indian Republic Day celebrations.

"We discussed arrangement for the use of the credit line to import pharmaceuticals from India ," he said.

India has offered US 1 billion credit line for the import of food and pharmaceuticals. Prof. Jayasumana said the Central Bank had also released over US $ 16 million to open Letters of Credit to import essential drugs, and therefore a risk of any imminent shortage would not arise.

“We will not face any shortage of pharmaceuticals,” he said. (Kelum Bandara)

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Comments - 4

Ravi Saturday, 29 January 2022 07:59 AM

Go.... Beg ... Borrow... there's no future fr this island like no other..!!

ravin Saturday, 29 January 2022 10:02 AM

Let us to recollect our memories. Haven't you all told during the election period that, not like previous administration, you are going to supply authentic high quality medicine to general public? Pardon me if I am wrong.

Spartacus Saturday, 29 January 2022 10:09 AM

Only you realize the value of India, otherwise it was China all the way with now they going to UN over fertilizer issue.

European Saturday, 29 January 2022 01:02 PM

Why importing western medicins? Reading the comments in this newspaper you don't need medicins and vaccines developed in western countries.They are only developed by big pharma companies for financial reasons, right?

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Pharmaceutical imports under Indian credit to begin next month

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