Wednesday June 26, 2019

India finances IT incubator in Sri Lanka's Jaffna

Feb 21, 2019 14:13 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT - India is giving a 250 million-rupee grant to set up an information technology incubator in Jaffna in Sri Lanka's North as part of 560 million dollars given in grants so far.

"This project is part of Government of India’s continued efforts to assist and cooperate with Government of Sri Lanka in people-oriented development projects," the High Commission of India said.

"The Business Centre would provide opportunities and enhance the enabling environment for Information Communication Technology (ICT) and other professional services in the Northern region."

The agreement for the funds was signed by High Commissioner of India to Sri Lanka Taranjit Singh Sandhu, and Secretary, Ministry of Development Strategies and International Trade S. T. Kodikara.

India also gave grants, which do not have to be repaid, to set up a paramedic ambulance service in the country.

India has committed a total of 3.0 billion US dollars, out of which 560 million dollars are grants. (Colombo/Feb21/2019-SB)




  1. Sunny February 21, 11:39 AM

    why the Northern Region only ?The GOSL should be wary of India's overtures regarding this gestureThe land could be flooded with illegals from India as a result.Has the country not learned from past incursions from India and Tamil Nadu?Never compromise National Security for grants from India.

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