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

LB Finance Delivers Robust Nine-Month Performance on Strong Fundamentals

By:Staff Writer January 27, Colombo (LNW): LB Finance PLC has posted...

Suburban Land Boom Reshapes Sri Lanka’s Property Economy

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s land market continued...

Colombo Port City Moves from Blueprint to Reality with First Private Capital

By:Staff Writer January 27, Colombo (LNW):  Colombo Port City, Sri...

Fragile Gains and the Cost of Complacency in Sri Lanka’s IMF Path

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s post-crisis economic...