India and Sri Lanka signed a Memorandum of Understanding (MoU) on Monday for the construction of a 5000-metric ton temperature controlled warehouse in Dambulla with Indian grant assistance of LKR 300 million.
The project envisages construction of a 5000-metric ton temperature controlled warehouse for fruits and vegetables to minimise its post-harvest losses, which presently are around 40 per cent.
The MoU was signed by Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka and K.D.S. Ruwanchandra, Secretary, Ministry of National Policies and Economic Affairs of Sri Lanka in the presence of Dr. Harsha de Silva, State Minister of National Policies and Economic Affairs, the Indian High Commission announced today.
India’s overall commitment of development assistance to Sri Lanka stands at a total of around US$ 3 billion, out of which US$ 550 million is pure grant assistance.
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