Indian housing aid to Sri Lanka largest overseas grant
Mar 25, 2019 08:45 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT –India’s housing project in Sri Lanka with a grant of almost 50 billion rupees (over 350 million US dollars) is the largest Indian grant assistance project in any country abroad, High Commissioner Taranjit Singh Sandhu said.
Of the total commitment of 63,000 homes, 47,000 houses had already been built, he said, at the opening of the Bhagat Singh Puram housing project, a high commission statement said.
The project in Helboda estate, Nuwara Eliya, consists of 98 houses built under Indian Housing Project in Plantation Areas.
The homes were handed over to the beneficiaries jointly by Sandhu and Minister of Finance of Sri Lanka Mangala Samaraweera in the presence of Palani Digambaram, Minister for Hill country New Villages, Infrastructure and Community Development, Gayantha Karunathilake, Minister of Lands and Parliamentary Reforms, and Radhakrishnan, Minister of Special Area Development.
The village was named after Bhagat Singh, a famous Indian freedom fighter and youth icon, whose martyrdom day fell on 23 March.
Samaraweera described India as a true friend, always ready to assist Sri Lanka during emergencies and crisis situations.
Sandhu said India has undertaken more than 70 people-oriented development projects in various fields including health, education, housing, skill development, infrastructure, vocational training among others, across the country.
The overall development portfolio of the Government of India in Sri Lanka is close to three billion dollars out of which 560 million dollars are in grants.
(COLOMBO, March 25, 2019-SB)