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Godahewa admits Indian Credit used for steel importation

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

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