India sees a chance to make Sri Lanka ‘a virtual province’ amid its rivalry with China
Posted on May 20th, 2024
Dimuthu Attanayake Courtesy The South China Morning Post
- Indian companies have made a flurry of business deals with Sri Lanka since the struggling island nation declared bankruptcy in 2022
- A new lease on a Chinese-financed airport shows New Delhi is gaining the upper hand over Beijing in their rivalry to woo Colombo, analysts say
- India is set to wield greater influence in Sri Lanka as its companies flock to sign deals with the heavily indebted island nation in sectors ranging from energy to maritime logistics, even as some analysts question their commercial viability.
- Among the recent high-profile deals involving Indian companies was a 20-year power purchase agreement with Adani Green Energy, a subsidiary of India’s Adani Group, announced by Sri Lankan President Ranil Wickremesinghe earlier this month.
Leave a Reply
You must be logged in to post a comment.
Disclaimer: The comments contained within this website are personal reflection only and do not necessarily reflect the views of the LankaWeb. LankaWeb.com offers the contents of this website without charge, but does not necessarily endorse the views and opinions expressed within. Neither the LankaWeb nor the individual authors of any material on this Web site accept responsibility for any loss or damage, however caused (including through negligence), which you may directly or indirectly suffer arising out of your use of or reliance on information contained on or accessed through this Web site.
All views and opinions presented in this article are solely those of the surfer and do not necessarily represent those of LankaWeb.com.
This entry was posted
on Monday, May 20th, 2024.
You can follow any responses to this entry through the RSS 2.0 feed.
You can skip to the end and leave a response.
