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

The MoU was signed by High Commissioner of India to Sri Lanka Mr. Taranjit Singh Sandhu, and Secretary, Ministry of Development Strategies and International Trade Mr. S. T. Kodikara in Colombo in presence of Sri Lankan Prime Minister Ranil Wickramasinghe.

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.