India to Sri Lanka’s aid; will supply 65,000 metric tonnes of Urea
14 May, 2022 | Vaishali Sharma
In the midst of Sri Lanka's catastrophic economic crisis, India will supply the island nation with 65,000 metric tonnes of urea as part of another aid project.
In the midst of Sri Lanka’s catastrophic economic crisis, India will supply the island nation with 65,000 metric tonnes of urea as part of another aid project.
According to the Daily Mirror, the Sri Lankan High Commissioner to India, Milinda Moragoda, met with India’s Secretary of Fertilizers, Rajesh Kumar Chaturvedi, on Thursday and discussed the problem.
“High Commissioner Milinda Moragoda met with the Secretary to the Department of Fertilizers of India Rajesh Kumar Chaturvedi and thanked him for India’s decision to supply 65,000 MT of urea required for the current Yala cultivation season in Sri Lanka,” said the High Commission of Sri Lanka in a message.
Moragoda and Kumar Chaturvedi discussed alternative means and steps to guarantee that chemical fertilisers from India to Sri Lanka be delivered continually under the present Credit Line and beyond during the meeting, according to the Daily Mirror.
Furthermore, despite an export prohibition on urea fertiliser from India, the Indian government has agreed to deliver 65,000 metric tonnes of urea to the crisis-hit island republic under the current USD 1 billion Indian line of credit.
Previously, the Sri Lankan government had prohibited the import of chemical fertilisers as part of its effort to transition to organic agriculture the previous year. However, the unexpected economic downturn, along with a scarcity of organic fertilisers, had a significant influence on agricultural productivity, Daily Mirror reported.
Notably, the Sri Lankan government lifted the embargo on some essential crops as a result of this, according to the Daily Mirror.
Furthermore, since the beginning of the year, India has offered to supply the debt-ridden island government with approximately USD 3 billion in loans, credit swaps, and credit lines. India has also stated its willingness to collaborate with the new Sri Lankan government.
Meanwhile, Ranil Wickremesinghe was re-elected to a historic sixth term as Prime Minister of Sri Lanka. He has assured the people of Sri Lanka that he will secure the island’s supply of petrol, diesel, and power.
Sri Lanka is currently experiencing its biggest economic crisis since independence, with food and fuel shortages, skyrocketing prices, and power outages impacting a huge number of inhabitants.