Godahewa admits Indian Credit used for steel importation

Date:

Cabinet Spokesman Nalaka Godahewa yesterday (03) admitted that a portion of the US$ 01 billion Indian credit received for the importation of essential food items and medicines was allocated for the importation of industrial raw materials including steel.

Accordingly, US$ 260 million was allocated from the US$ 01 billion credit line to import industrial raw materials, the Minister acknowledged.

The Cabinet Spokesman made this observation in response to a query by a reporter at the Cabinet press briefing yesterday.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s apparel sector grows amid policy uncertainty and global shifts

Sri Lanka’s apparel sector grows amid policy uncertainty and global shifts

Sampath Bank, NCE renew partnership to boost ethical exports

Sampath Bank, NCE renew partnership to boost ethical exports

Central Bank Pushes Banks to Cut Interest Margins Amid Recovery

Central Bank Pushes Banks to Cut Interest Margins Amid Recovery

Sri Lanka Unveils Climate Finance Strategy to Attract Global Investment

Sri Lanka Unveils Climate Finance Strategy to Attract Global Investment