India’s External Affairs Minister S Jaishankar (right), who was in Colombo earlier this month, raised the issue of the East Container Terminal with Sri Lankan President Gotabaya Rajapaksa.
India's Adani Group has been invited by the Sri Lanka Ports Authority (SLPA) to discuss the terms of a proposed agreement to develop the East Container Terminal of Colombo Port. Sri Lankan sources have told StratNews Global that in keeping with President Gotabaya Rajapaksa’s assurances to port trade unions, the terminal will remain under the control of the SLPA which will have 51 per cent stake while the Adani Group will own the remaining 49 per cent. This gets around the sticky issue of Sri Lankan sovereignty....Read More
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