INSUBCONTINENT EXCLUSIVE:
A Memorandum of Understanding (MoU) has been signed between India and Sri Lanka for rehabilitation of the Karainagar Boatyard in Northern
Province of Sri Lanka with grant assistance from the Government of India to the tune of LKR 290 million.The MoU was signed and exchanged by
High Commissioner of India to Sri Lanka Santosh Jha and the then High Commissioner of Sri Lanka to India Kshenuka Dhireni Senewiratne on
December 16, 2024.Issuing a statement, the Indian High Commission in Colombo said the project envisages rehabilitation of Karainagar
Boatyard of the Cey-Nor Foundation Ltd, incorporated under the Ministry of Finance, Planning and Economic Development and operating under
machinery, equipment, material, services etc
Once fully operational, the rehabilitated boatyard will augment livelihood opportunities of local fishermen, create more job opportunities
in the area including through small establishments around the boatyard, and help enhance the supply of quality fisheries products, the
initiatives in virtually all major sectors are making a tangible difference to the daily lives of the people of Sri Lanka across all the 25
districts of the country, the Indian High Commission noted.Notable past projects in the Northern Province include construction and
renovation of over 41000 houses; a state-of-the-art Cultural Centre at Jaffna as a reconciliation project; removal of wrecks and dredging at
Kankensanthurai Port; construction and repairs at numerous schools and hospitals across Jaffna, Kilinochchi, Mullaithivu, Vavuniya;
restoration of Thiruketeeswaram Temple; distribution of significant quantities of assistance to the agricultural community, as well as
