Japan provides Rs. 560 m grant

Tuesday, 23 June 2015 00:30 - - {{hitsCtrl.values.hits}}

The Government of Japan has granted Japanese Yen 500 million (approximately Rs. 560 million) to the Government of Sri Lanka under the ‘Non Project Grant Aid for Provision of Japanese Local Products (2014),’ the Embassy said yesterday.

The purpose of this grant is to support the promotion of development needs in various social and economic sectors of Sri Lanka by utilising the unique, efficient and user-friendly technology of Japanese local enterprises, the statement added.

The range of products provided under this scheme was selected by the Government of Sri Lanka in consultation with the line agencies concerned, which will be procured in due course.

Japan also previously provided a grant amounting to Japanese Yen 200 million (approximately Rs. 240 million) using similar schemes under the ‘Non Project Grant Aid for the Provision of Japanese SMEs’ products’ and another grant amounting to Japanese Yen 500 million (approximately Rs. 630 million) to procure medical equipment and welfare apparatus for the people in rural and urban areas in Sri Lanka in 2014.

“The people and the Government of Japan hope that the products provided will be utilised very effectively for the benefit of the needy people of Sri Lanka,” the statement said.

The signing of the Exchange of Notes took place between Japan Foreign Minister Fumio Kishida and Foreign Minister Mangala Samaraweera.

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