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.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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