US$ 500 million credit for raw materials for local industries

Date:

Sri Lanka will receive US$ 500 million under the Indian debt facility for the importation of goods including raw materials for local industries, revealed the Industry Ministry.

Accordingly, the goods will be imported to the country expeditiously based on priority, said General (retired) Daya Ratnayake, Secretary to the Industry Ministry.

He added that the shortage of many essential raw materials may be eliminated within the next few weeks.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Tea Prices Slide as Official Optimism Masks Market Strain

Sri Lanka’s tea industry entered 2026 on visibly shaky...

Plantation Dreams, Financial Nightmares: CBSL Moves against Illegal Investment Schemes

Sri Lanka’s Central Bank has launched investigations into at...

SL’s New Tax Unit Signals Shift Toward Rule-Based Fiscal Management

Sri Lanka’s Finance Ministry has taken a decisive institutional...

Sri Lanka Renewable Energy Plan Sets Aggressive Path to Electricty Transition

The Cabinet’s approval of the Renewable Energy Resources Development...