The Cabinet has approved the signing of a Memorandum of Understanding (MoU) between India and Sri Lanka aimed at strengthening bilateral cooperation and strengthening socio-economic development.
This initiative, which was presented to the Cabinet by President Anura Kumara Dissanayake, will allocate Rs. 2,371 million for various development projects in the Eastern Province.
Accordingly, education, health, agriculture, irrigation, tourism and social empowerment are the focus areas of these projects.
A total of 33 projects have been identified under this initiative.
It is reported that it will focus on improving infrastructure in the Eastern Province, enhancing economic growth and promoting social empowerment of the people.
As a result, the Government of India is set to provide Rs. 2,371 million for these projects, with specific allocations including Rs. 315 million for education, Rs. 780 million for health, Rs. 620 million for agriculture and Rs. 230 million for fisheries.
Accordingly, it is noteworthy that the Cabinet has approved the signing of a Memorandum of Understanding to implement this project.
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