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Some suppliers have refused to make use of the Indian mortgage facility to clear 1500 containers of important meals objects imported from India to Sri Lanka that are presently stranded on the port, it’s reported.
Some suppliers are demanding that they be paid in US {Dollars} and never Indian Rupees.
The Authorities of Sri Lanka has not too long ago signed a mortgage facility settlement with the Authorities of India to import meals objects and medicines from India.
Accordingly, the federal government had determined to make use of that credit score facility to clear the products imported from India.
Nevertheless, the Important Commodities Importers Affiliation says there may be nonetheless extra to be performed to implement the mortgage facility.
In the meantime, with these suppliers demanding to be paid in {dollars}, this import disaster is anticipated to irritate sooner or later.
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