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US$ 500 million credit for raw materials for local industries

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

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