India increases assistance to SL

January 20, 2023, Colombo: India and Sri Lanka signed bilateral documents for the upward revision of ceilings prescribed in the High Impact Community Development Project (HICDP) framework agreement today.

The President’s media office said that the agreement, first signed in May 2005, has doubled the individual project limit from Rs 300 to 600 million. The total HICDP funds will be doubled from Rs 5 billion 10 billion, the PMD said.