The Indian government has donated 15 million dollars to Sri Lanka to promote buddhist ties between the two nations, a statement from the government information department said.
The signing of the bilateral agreements took place at the President’s House in Colombo yesterday (02). President Wickremesinghe and Hon Finance Minister of India Ms Nirmala Sitaraman engaged in lengthy bilateral discussions during this event.
Indian Prime Minister Narendra Modi’s announcement of this substantial grant underscores the significance of strengthening Buddhist linkages between the two countries. The grant could be allocated towards various initiatives, including the construction and renovation of Buddhist monasteries, capacity development, cultural exchange, archaeological cooperation, reciprocal exhibition of relics and other areas of mutual interest.
In recognition of the evolving economic landscape in Sri Lanka, both countries have agreed to recalibrate the grant amount from Sri Lankan Rupees to Indian Rupees, aligning it with the prevailing market conditions. This adjustment is being formalized through diplomatic Letters of Exchange and Acceptance, signifying a shared commitment to further enhancing these ties.
