(MENAFN - NewsIn.Asia)
By P.K.Balachandran/newsin.asia
Colombo, February 14: Though India failed to get the East Container Terminal (ECT) project in Colombo port, it is now well on the way to bagging the West Container Terminal (WCT) project and also three power projects in Jaffna. It has successfully convinced the Gotabaya Rajapaksa government that it will be unwise to ignore India s interests in its relations with China.
After yielding to Sinhalese nationalist pressure not to give the ECT project to India, the Sri Lankan government offered the WCT in which the designated Indian party is to hold 85% stake. This is much higher than the stake offered to India and Japan (49%) in the case of the ECT. It also matches China s stake in the adjacent Colombo International Container Terminal (CICT).
21 valuable tea estates owned by the government given to China..! Here are the conspiracy of the incredible deal..!
(Lanka-e-News -13.Feb.2021, 11.30PM) The junta government of the Gotabaya-Mahinda Rajapaksa-led Rajapaksa family, which came to power swearing not to sell the country, has made all arrangements to sell 21 state-owned tea estates to China, reports Lanka e News.
Who is this Fujian . .?
As a first step, the government is announcing that the Sri Lanka Tea Board has signed a business agreement with China. Accordingly, the Ceylon Tea Board has signed an agreement with a Starchina International Trade Company Limited in China and China will buy 4 million kilos of local tea at market price for a period of 15 years, a government spokesman said. But according to a press release issued by China, they buy tea from Sri Lanka at a pre-agreed price. China further says that they are working to modernize the tea factories in Sri Lanka.
Uniindia: New Delhi, Feb 12 (UNI) Sri Lanka believes it has great potential to be a maritime hub in the Indian Ocean, and the island nation sees China s Belt and Road Initiative would help, Foreign Secretary Admiral Jayanath Colombage said.
COLOMBO (News 1st): Sri Lanka Customs has launched an investigation into the importation of vehicles to the country under the guise of spare parts, - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
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