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India+sets+aside+more+funds+to+negate+region%E2%80%99s+Chinese+influence
Friday, 02 February 2018 - 14:00
India sets aside more funds to negate region’s Chinese influence
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The Indian Government has increased its budget allocations for its neighbours including Sri Lanka to counter the rising Chinese dominance in the region.
 
Other nations to receive increased benefits under the new measures are Seychelles, Mauritius and the Maldives.
 
Accordingly, India has planned to provide financial aid of 150 Indian Crores to Sri Lanka.
 
This is double the funds received by Sri Lanka compared to last year.
 
India has expressed a special desire to renovate Kankesanthurai Port this year.
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