US International Development Finance Corporation announces $553 millionto help develop deep water container terminal in Port of Colombo. 'One-of-its-kind' project, says expert.
China has invested $1.4 billion in the strategically located project. But the Rajapaksa govt wants India to invest in the potential metropolis, which is Sri Lanka's first SEZ.
In an exclusive interview, Sri Lankan High Commissioner Asoka Milinda Moragoda said that, despite complications, India & Sri Lanka’s leaders have always had ‘open, direct dialogue’
Sri Lankan minister Godahewa says Adani Group offered to invest in West Container Terminal, a 'commercially better option', but with same equity ratio given to China at CCIT.
Sri Lanka has scrapped the East Container Terminal project. But New Delhi believes Colombo might reconsider its decision and ‘things can change any moment’.
The project was signed by India, Sri Lanka and Japan in May 2019, but it has been stalled since Sri Lanka ordered a review in July 2020. Jaishankar is on a 3-day visit to the country.
Sri Lanka wants India to 'expedite' the project once it gets the go-ahead. Opposition there feels after the Chinese, 'India and Japan are trying to spread their tentacles in Colombo’s strategic assets'.
India, Japan & Sri Lanka will sign an MoU for developing a container terminal at the Colombo port, which attracted investments from China under the Belt and Road initiative.
We get very angry when rain disrupts our lives and brings our cities to a halt, but by the time the elections come around, we have forgotten how angry we were.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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