Scrapped Colombo Port Deal As Indian Firm Rejected Terms: Sri Lanka Scrapped Colombo Port Deal As Indian Firm Rejected Terms: Sri Lanka Prime Minister Mahinda Rajapaksa s office on February 1 said that his government has decided to run the Colombo Port s Eastern Container Terminal as a fully-owned operation of the state-run port authority.
India, Japan and Sri Lanka had inked an agreement in 2019 to develop Colombo Port
Colombo:
Sri Lanka has said it scrapped the trilateral deal with India and Japan to develop the Colombo Port s Eastern Container Terminal (ECT) as the Indian firm involved in the project refused to agree to its new terms.
India Seeks to Counter China in Sri Lanka India for strengthening economic ties with Lanka
COLOMBO: With Sri Lanka drifting towards China to get funds for infrastructural development, India is anxious to demonstrate that it also can contribute to Sri Lanka’s economic development. This came out clearly in the statement made by the Indian Foreign Minister Dr.S.Jaishankar to the media here on Wednesday after he met Lankan President Gotabaya Rajapaksa.
The media statement touched upon a wide range of issues but it was predominantly about possibilities in economic cooperation. Jaishankar said that he would be meeting the Sri Lankan business community.