The Indian High Commission in Colombo has announced that India has so far committed Lines of Credit worth around US$ 1.3 billion for the development of railway sector in Sri Lanka.
The government of Sri Lanka has reportedly announced that the state-run Lanka Mineral Sands Limited will sell 40,000 metric tonnes of non-magnetic heavy mineral concentrate to Alchemy Heavy Metal (Pvt) Ltd for US$ 283.91 a tonne.
Government Agent of Sri Lanka’s Jaffna District, N. Vethanayahan has reportedly called for the Kankasanthurai (KKS) harbour and northern airport to be developed to enable business and trade progress in the northern region
The Government of Sri Lanka is to launch the first phase of developing the Bingiriya Export Processing Zone (EPZ) next month under the patronage of Prime Minister Ranil Wickremesinghe.
Sri Lanka’s state power utility company, the Ceylon Electricity Board (CEB) and Sri Lanka Air Force have reportedly signed a memorandum of understanding (MOU) to facilitate the project of creating artificial rain for hydro power generation.