India and Sri Lanka sign MoU for Rs 300 million Dambulla project

The event was held at the High Commission of India, Colombo in the presence of senior officials from the Sri Lankan Government. The project is in continuation of the Government of India’s efforts to partner with the Government of Sri Lanka in people oriented development projects.India’s overall commitment of development assistance to Sri Lanka stands at a total of around US$ 3 billion, out of which US$ 550 million is pure grant assistance. (Colombo Gazette) India and Sri Lanka have signed a Memorandum of Understanding (MoU) for the construction of a 5000-metric ton temperature controlled warehouse in Dambulla.Indian grant assistance of SLR 300 million will be utilized for this purpose. The project envisages the construction of a 5000-metric ton temperature controlled warehouse for fruits and vegetables to minimize its post-harvest losses, which presently are around 40%.This initiative will benefit the farming community by reducing the wastage particularly in the peak season when there is surplus production.  This will help check the price fluctuation as well and ensure delivery of good quality agro produce to consumers. The MoU was signed by Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka and K.D.S. Ruwanchandra, Secretary, Ministry of National Policies and Economic Affairs of Sri Lanka in the presence of Dr. Harsha de Silva, State Minister of National Policies and Economic Affairs.