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India & SriLanka sign MoU to establish business centre for ICT incubators in Jaffna

India & Sri Lanka sign MoU to establish business centre for ICT incubators in Jaffna: Details, Aim, Highlights

India and Sri Lanka on 21st February 2019, signed a Memorandum of Understanding (MoU) to establish a business centre for ICT incubators in Jaffna through a grant of 25 crore Sri Lankan rupees from India. 

The centre would provide opportunities and enhance the enabling environment for Information Communication Technology (ICT) and other professional services in the Northern region inhabited by minority Tamils. 

The ongoing development projects in the province under India’s grant assistance include construction of Cultural Centre in Jaffna, school buildings to 27 schools, 3000 rainwater harvesting units and 25 model villages among others. 

It is part of Government of India’s continued efforts to assist and cooperate with 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 3 billion US$, out of which 560 million US$ is pure grant assistance.

Srilanka

CapitalsSri Jayawardenepura Kotte (Administrative) & Colombo (Commercial) 

Largest City: Colombo

Currency: Sri Lankan Rupee (LKR)

Official Languages: Sinhala & Tamil

President: Maithripala Sirisena

Prime Minister: Ranil Wickremesinghe 


 

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