Jan 26, 2017

India’s development aid to Sri Lanka records a new high of US$ 2.6 billion

India expressed hope that Sri Lankan businesses will take advantage of their proximity to the fastest growing major economy in the world. Newly appointed High Commissioner of India Taranjit Singh Sandhu says India’s total development assistance commitment to Sri Lanka is now around US$ 2.6 billion, with over US$ 435 million as outright grants. High Commissioner stated that the Indian flagship housing project, aiming to construct 50,000 houses, is proceeding well with over 45,300 houses constructed till date. High Commissioner cautioned against the threat posed by the dark forces of terrorism and stressed the necessity of defeating these forces decisively.

He was speaking at the 68th Republic Day of India celebrations on Thursday, January 26, at India House in Colombo. High Commissioner Taranjit Singh Sandhu unfurled the Indian flag and inspected a Guard of Honour presented by a contingent of the Border Security Force. He read out excerpts from the Address to the Nation on the eve of the Republic Day by the President of India,. Pranab Mukherjee.

High Commissioner while reading out excerpts, credited strong democratic institutions built over the last six and a half decades for making India an oasis of stability. He highlighted India’s achievement in social, political and economic fields in the last six and half decades. Today, India is the fastest growing economy amongst the major economies of the world. India is the second largest reservoir of scientific and technical manpower, the third largest army, the sixth member of the nuclear club, the sixth member in the race for space, and the tenth largest industrial power. From a net food grains importing country, India is now a leading exporter of food commodities. Highlighting recent initiatives of the Government of India, President mentioned flagship initiatives such as Swachh Bharat Mission, MGNREGA, Aadhaar, Digital India programme, Start-up India, Atal Innovation Mission, and Skill India initiative.

High Commissioner and officials of the High Commission paid their respects to the memory of fallen soldiers of the Indian Peace Keeping Force (IPKF) in a solemn ceremony at the IPKF memorial in Colombo.

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