š®š³š±š° India Pledges $450M for Sri Lanka's Cyclone Ditwah Recovery! š¤
India has committed a comprehensive reconstruction package of US$ 450 million to help Sri Lanka recover from Cyclone Ditwah, reaffirming its role as a first responder and regional partner. ⢠The pledge was formally conveyed by Indian External Affairs Minister Dr. S. Jaishankar to President Anura Kumara Dissanayake. ⢠The package comprises US$ 350 million in concessional lines of credit and US$ 100 million in grants. ⢠Assistance will focus on five key sectors worst affected: ⢠Rehabilitation of road, railway, and bridge connectivity. ⢠Reconstruction of damaged houses. ⢠Restoration of health and education facilities. ⢠Support for agriculture to address shortages. ⢠Strengthening disaster response and preparedness mechanisms. ⢠India's "Operation Sagar Bandu" provided immediate relief, including naval assets, air support for rescue, and a field hospital. ⢠India also assured continued encouragement of tourism traffic and increased Indian FDIs to boost Sri Lanka's broader economic recovery, especially as the nation emerges from its 2022 economic crisis.