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India Sri Lanka Relations - Development and Business Cooperation

Sri Lanka will sign an agreement with the government of India to construct 10,000 houses for the plantation community in the central hills under the Indian Government Grant assistance. The Government of India has already granted funding to construct 4,000 houses for the estate community living in the Nuwara Eliya and Badulla Districts, and 1,136 houses are already near completion. The construction of another 2,836 houses was started in January 2018. During his visit to Sri Lanka in May 2017, the Indian Prime Minister Narendra Modi agreed to fund construction of 10,000 housing units for the plantation community. Identifying suitable land plots to construct the remaining houses will begin this month and priority will be given to the families affected by the landslides. The value of a house to be built under the project will be around Rs. 1 million. The Board of Investment of Sri Lanka recently hosted a 14-strong delegation from the IMC Chamber of Commerce and Industry. IMC Chamber of Commerce and Industry has organized its flagship event 'India Calling' Business Delegation to Sri Lanka from February 25-27, 2018. The delegation visiting Sri Lanka was on a mission to look at opportunities for investment in the Island. ...............

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