Sri Lanka concedes to Indian demands over Colombo harbor

Sri Lankan President, Gotabaya Rajapaksa, has caved to Indian demands over the development of the Eastern Container Terminal (ECT) at Colombo harbour.
This follows a visit by India’s External Affairs Minister, Subrahmanyam Jaishankar, who is reported to have laid down “unequivocal terms” for the ECT. The agreement reached enables Sri Lanka to retain a 51% stake whilst the Adani Group, an Indian business with ties to Indian Prime Minister Narendra Modi, will hold 49%.
Indio-phobia




