India to build 10,000 houses in Sri Lanka's tea plantation areas
Wednesday, 29 November 2023 India signs agreements with the National Housing Development Authority and State Engineering Corporation to build 10,000 houses in Sri Lanka's plantation areas under Phase-IV of the Indian Housing Project. The project is spread across 11 districts and 6 provinces. The total commitment of the Indian government under the project is 60,000 houses. The High Commissioner of India, Gopal Baglay, travels by train from Colombo to Medawachiya using spacious coaches provided by India, highlighting India's development cooperation in strengthening rail infrastructure in Sri Lanka.
Sri Lanka anticipates significant relief from its economic turmoil. Reports indicate a pending debt-restructuring agreement with creditor nations, pivotal amid the country's $36.6 billion external debt. Pending IMF approval may secure up to $900 million in funding, but bondholder negotiations remain...
In the midst of political tensions, Sri Lanka's Fisheries Minister, Douglas Devananda, dismisses recent statements from Indian leaders regarding Katchatheevu island as having 'no ground.' Join us as we delve into the ongoing dispute and the implications of these remarks during election season in India.
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Discover the latest developments in the Indian Ocean as Chinese surveillance vessels, Xiang Yang Hong 01 and Xiang Yang Hong 03, make their presence known. While one ship heads towards Colombo, the other is docked at Male. Stay tuned for insights into their activities and implications for regional security.
#ChineseVessels #IndianOcean #IndiaChinaRelations #NarendraModi #XiJinping #ChineseSurveillanceShips #IndiaMaldivesTensions #IndianNavy #Oneindia
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Sri Lanka fell into a debt trap with China's $1.26 billion loan for the Hambantota Port in 2007, leading to China's control of the port in 2017. In response, the U.S. plans a $553 million investment in..
India signs agreements with the National Housing Development Authority and State Engineering Corporation to build 10,000 houses in Sri Lanka's plantation areas... IndiaTimes
Ministry of Finance posted on X, "Union Finance Minister Smt. @nsitharaman inaugurated the State Bank of India @TheOfficialSBI Branch in Trincomalee, today,... IndiaTimes
The US will provide $553 million in financing for a port terminal in Sri Lanka's capital, developed by Indian billionaire Gautam Adani, to counter China's... IndiaTimes