Pharmaceutical imports under Indian credit to begin next month
Sri Lanka will take steps to import essential medicinal drugs from India under the line of credit next month, a Minister said.
State Minister of Production, Supply and Regulation of Pharmaceuticals Professor Channa Jayasumana said he, along with Finance Minister Basil Rajapaksa, held talks with the Indian High Commissioner Gopal Baglay on the sidelines of the Indian Republic Day celebrations.
“We discussed arrangement for the use of the credit line to import pharmaceuticals from India ,” he said.
India has offered US $ 1 billion credit line for the import of food and pharmaceuticals. Professor Jayasumana said the Central Bank had also released over US $ 16 million to open Letters of Credit to import essential drugs, and therefore a risk of any imminent shortage would not arise.
“We will not face any shortage of pharmaceuticals,” he said.
(Source: Daily Mirror – By Kelum Bandara)
Latest Headlines in Sri Lanka
- Sri Lankan President reaffirms commitment to justice for Easter Sunday attack victims October 6, 2024
- Over 100,000 leave agricultural jobs in Sri Lanka October 6, 2024
- Sri Lanka raises import tax on potatoes and big onions October 6, 2024
- 15th Census of Population and Housing in Sri Lanka to begin tomorrow October 6, 2024
- Dhammika Priyantha appointed as new Director of Sri Lanka’s State Intelligence Service October 5, 2024
