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The Secretary to the Ministry of Finance, Mr. M. Siriwardena, yesterday (10), signed an settlement with the EXIM Financial institution of India to acquire a Greenback Credit score Line.
The Authorities requested a credit score facility from the Authorities of India for the importation of Urea Fertilizer of 65,000 MT with the intention to cater the quick requirement of Urea fertilizer demand through the Yala cultivation season. In response to the request, Authorities of India agreed to supply a Greenback Credit score Line amounting to USD 55 million for procurement of Urea Fertilizer from India.
The signing of the settlement was overseen by Prime Minister Ranil Wickremesinghe, Minister of Agriculture Hon. Mahinda Amaraweera and Excessive Commissioner of India to Sri Lanka, H.E. Gopal Baglay.
The Prime Minister has beforehand indicated that making certain meals safety for the populace was his precedence because the nation is going through grave shortages of important meals gadgets. This credit score facility may assist to make sure the provision of Urea for the upcoming Yala season.
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