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.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
COMMENTS