India to provide Rs 7,592 crore credit line to Sri Lanka for procurement of food, other essentials

India on Thursday extended a Line of Credit of $1 billion (Rs 7,592 crore) to Sri Lanka to help the cash-strapped island nation to buy food, medicines and other essentials. New Delhi extended the credit facility to Colombo just a day after the Indian Navy sent five sailing vessels to Sri Lanka, where India of late crawled back much of the strategic space it had lost to China

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