Sri Lanka's President Gotabaya Rajapaksa on Wednesday announced the revival of an Indian and Japanese investment project to develop a deep-sea terminal in Colombo harbour, next to a controversial $500-million Chinese-run container jetty. A tripartite deal by Sri Lanka's previous government had been on hold amid trade union resistance, but Rajapaksa said the East Container Terminal (ECT) would proceed. Approval came after reviewing "regional.
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.
Nationalism and geo-politics stall Colombo port’s development
With a capacity of 7.2 million TEUs, an annual cargo tonnage of nearly 40 million tons, and a dredged depth of over 15 meters, the port of Colombo in Sri Lanka is among the world’s top 25. Its strategic location on the main East-West shipping lane is a major attraction. And given the absence of good ports in India, Colombo is also the main transhipment hub for Indian cargo.
‘But Sri Lanka’s attractiveness is not an unmixed blessing. It has spawned challenges,’ says Adm (Rtd) Jayanath Colombage, Sri Lanka’s Foreign Secretary.
Sure enough, Colombo port has become a bone of contention among Asian powers, China and India. China has already established a presence in Colombo port (besides the Hambantota port in South Sri Lanka) by building and running the highly productive Colombo International Container Terminal (CICT). India and Japan, on the other hand, are seeking a stake in the yet-to-be developed Eastern Con
Posted on December 29th, 2020
By Shamindra Ferdinando Courtesy The Island
Sri Lanka Muslim Congress (SLMC) leader Rauff Hakeem, MP, recently told
The Island that Sri Lanka had no option but to involve India in the development of the deep water facility, the East Container Terminal at the Colombo Port, which has been built to accommodate the largest container ships that ply around the world carrying as many as 16,000 containers (TEUs), like its competing Chinese-run Colombo International Container Terminal also in the more recently built and what is known as the Colombo South harbour.
The Samagi Jana Balavegaya (SJB) Kandy District lawmaker said so in response to the writer seeking an explanation as regards his stand on the issue at hand in the wake of his quite controversial statement on Derana ‘Wadapitiya’, anchored by Chathura Alwis.
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