Colombo [Sri Lanka], Could 14 (ANI): Amid Sri Lanka’s devastating financial disaster, India in one other initiative to increase help will likely be supplying 65,000 metric tons of urea to the island nation.
Reportedly, the Sri Lankan Excessive Commissioner to India, Milinda Moragoda, held a gathering with the Secretary within the Division of Fertilizers of India Rajesh Kumar Chaturvedi on Thursday the place the problem was mentioned, reported Every day Mirror.
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“Excessive Commissioner Milinda Moragoda met with the Secretary to the Division of Fertilizers of India Rajesh Kumar Chaturvedi and thanked him for India’s choice to provide 65,000 MT of urea required for the present Yala cultivation season in Sri Lanka,” mentioned the Excessive Fee of Sri Lanka in a message.
Within the assembly, each Moragoda and Kumar Chaturvedi mentioned potential methods and measures to make sure that chemical fertilizers from India to Sri Lanka are equipped constantly beneath the present Credit score Line and past, reported Every day Mirror.
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Additional, regardless of an export ban of urea fertilizer from India, the Indian authorities, on the request of the Sri Lankan authorities, has agreed to offer 65,000 metric tons of Urea to the crisis-ridden island nation beneath the present USD 1 billion Indian line of credit score.
Earlier, the Sri Lankan authorities as part of its plan to transit towards natural agriculture had banned the import of chemical fertilizers the earlier yr. Nevertheless, the sudden financial disaster combined with the insufficient provide of natural fertilizers closely impacted the agricultural output reported Every day Mirror.
Notably, this was the rationale for the Sri Lankan authorities to revoke the ban on a number of key crops, reported the Every day Mirror.
Furthermore, India has promised to offer over USD 3 billion to the debt-ridden island nation in loans, credit score swaps, and likewise credit score strains because the starting of the yr. India has additionally expressed its need to work with the brand new Sri Lankan authorities.
In the meantime, Ranil Wickremesinghe was appointed the Sri Lankan Prime Minister for a document sixth time period. He has given his assurance to the folks of Sri Lanka that he’ll guarantee the availability of petrol, diesel, and electrical energy to the island nation.
Presently, Sri Lanka is going through its worst financial disaster since independence with meals and gas shortages, hovering costs, and energy cuts affecting a lot of the residents. (ANI)
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