India Provides US$ 12.5 Billion Loan to Sri Lanka

[DesiGuy]

it's funny that without even doing much, sri lanka is getting so much aid both from china and India and the only reason for that is it's geographic location in the Indian ocean.

In this case, sri lanka knows how to play diplomacy more than both india and china.

 

[gowthamraj]

Maybe, it 12.5 billion INR thats around 300 million US dollars

 

[Raje amar]

Maybe, it 12.5 billion INR thats around 300 million US dollars

That sounda more realistic...

 

[yashchauhan]

Read the headline correctly.........$12.5 billion LOAN not aid.......its rather an investment......if Mauritius can invest $11 billion in India every year than why can't India invest the amount in Sri Lanka!Its a political investment like that of japan giving to India in DMIC!

 

[ARCHON]

After the LTTE mess is over Srilanka is bound to become the best nation among SAARC after INDIA for sure.

 

[nwmalik]

Maybe, it 12.5 billion INR thats around 300 million US dollars

seems the real figure

 

[arihant]

12.5$ billion is too much. It doesn't sound realistic. May be just a typo error.

 

[duhastmish]

SRINLANKA - need some serious money and soon it wil lshow some reault right now sri lanka is the place to invest , after ltte the tourism will drive this country to new heights.

india aim to keep sri lanka as its hong kong , not as part of its own but like a country which can help india grow in future as well.

cheers.

 

[RobbieS]

Read the headline correctly.........$12.5 billion LOAN not aid.......its rather an investment......if Mauritius can invest $11 billion in India every year than why can't India invest the amount in Sri Lanka!Its a political investment like that of japan giving to India in DMIC!

An error there my friend. Its not Mauritius as in Mauritian companies or Mauritius govt. that are investing that amount in India. These are foreign companies that just use the Mauritius route for investment by using their Mauritius offices. That saves them taxation due to the Indo-Mauritian trade pact. GoI is trying hard to rectify that but till now the GoM has withstood all pressure.

I thought you were an economist. You should have known that.

 

[Justin Joseph]

An error there my friend. Its not Mauritius as in Mauritian companies or Mauritius govt. that are investing that amount in India. These are foreign companies that just use the Mauritius route for investment by using their Mauritius offices. That saves them taxation due to the Indo-Mauritian trade pact. GoI is trying hard to rectify that but till now the GoM has withstood all pressure.

I thought you were an economist. You should have known that.

yeah, majority of it, is black money of Indians.

 

[Lankan Ranger]

Indian Projects in Sri Lanka

Modernization of Palali Airport
Modernization of Kankesanthurai Port
Renovation of Kankesanthurai Cement Factory
Construction of One of the Biggest Power Plants
Renovation of Railway Lines
Renovation of Roads
Construction of New Railway Stations
Modernization of Hospitals

 

[Lankan Ranger]

 

[Mirza Jatt]

Indian Projects in Sri Lanka

Modernization of Palali Airport
Modernization of Kankesanthurai Port
Renovation of Kankesanthurai Cement Factory
Construction of One of the Biggest Power Plants
Renovation of Railway Lines
Renovation of Roads
Construction of New Railway Stations
Modernization of Hospitals

Sri Lanka is definitely back on track...the peaceful nature of Sri Lankans make it easier for the developement work.would love to see Sri Lanka grow.

 

[garibnawaz]

Indian Projects in Sri Lanka

Modernization of Palali Airport
Modernization of Kankesanthurai Port
Renovation of Kankesanthurai Cement Factory
Construction of One of the Biggest Power Plants
Renovation of Railway Lines
Renovation of Roads
Construction of New Railway Stations
Modernization of Hospitals

You forgot all the military aid and equipment to Sri Lanka from India.

They were given on loan too.

it's funny that without even doing much, sri lanka is getting so much aid both from china and India and the only reason for that is it's geographic location in the Indian ocean.

In this case, sri lanka knows how to play diplomacy more than both india and china.

Sri Lanka playing diplomacy with India?

Ever heard of Indian Oil Lanka?

Sri Lanka gets comparitively cheap petroleum products through Indian Oil's subsidary Indian Oil Lanka.

Due to the short distance there is a pipeline between two countries though which the refined petrolium products are provided to Sri Lanka.

Thanks to India the petrolium prices in Lanka are comparitive.

The moment that pipeline is locked the prices will sky rocket as Sri Lanka's refining capacity is less than actual demand.

Whatever China or other country will provide them will cost them fortune.

For refrence IndianOil Corporation | Lanka IOC PLC

The entire Lankan public transport is on Bajaj Autos, TATA and Ashok Leyland buses and TATA Sumo's. No one can provide cheaper subsidized public transport vehicles to the Lankans other than India.

Problem is with Indian diplomacy, which fails to show the neighbors like Lanka and Bangaldesh who is the boss.

May be foriegn ministry of India should take the lessons from BCCI who dictates and virtually owns Sri Lankan Cricket Board these days.


GB

 

[garibnawaz]

Sri Lanka is definitely back on track...the peaceful nature of Sri Lankans make it easier for the developement work.would love to see Sri Lanka grow.

Peaceful nature?

There wouldn't have been any LTTE or any PLOTE if the Sri Lankans and especially Sinhala's were so peaceful.

Couple of years back a buddhist monk blew himslef next to a Bollywood concert.

Buddhist Channel | Buddhism News, Headlines | Sri Lanka | Lankan monks regret bomb attack at concert

Indira Gandhi supported LTTE to keep a check on Lanka the policy which Rajiv Gandhi reversed and paid the price for.

Lanka needs another check before we have one more hostile neighbor. (e.g Bangladesh)

GB