India counters China in Sri Lanka with $700 million port deal2 min read . Updated: 01 Oct 2021, 05:46 AM IST
- Colombo is located in the Indian Ocean between the major hubs of Dubai and Singapore, meaning influence at its ports is highly sought after
An Indian company entered into a $700 million deal Thursday to build a strategic deep-sea container terminal in Sri Lanka, officials said, in a move seen as countering China's rising influence in the region.
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