India Announces $450M Package for Cyclone-Hit Sri Lanka; Jaishankar Meets Leaders

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CNBC TV18•23-12-2025, 20:37
India Announces $450M Package for Cyclone-Hit Sri Lanka; Jaishankar Meets Leaders
- •India announced a $450 million reconstruction package for Cyclone Ditwah-hit Sri Lanka, delivered by EAM S Jaishankar.
- •The package includes $350 million in concessional Lines of Credit and $100 million in grants for various sectors.
- •Assistance covers road/rail/bridge restoration, housing, health, education, agriculture, and disaster preparedness.
- •India's "Operation Sagar Bandhu" provided immediate relief, including 1100+ tonnes of material, medicines, and deployment of NDRF, Army, Navy, and Air Force assets.
- •S Jaishankar met top Sri Lankan leaders, inaugurated a Bailey Bridge, and discussed boosting tourism and FDI to support Sri Lanka's recovery.
Why It Matters: India provides $450M aid to Sri Lanka, demonstrating steadfast commitment to its recovery.
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