Adani's Sri Lanka Port Play: Doubling Down Amidst Power Plays
Update: 2025-09-17
Description
Adani Group accelerates its massive Colombo port project in Sri Lanka, doubling capacity ahead of schedule despite dropping U.S. funding amidst bribery accusations. The terminal, strategically located next to a Chinese-run facility, underscores the India-China rivalry in the Indian Ocean and is set to handle 3.2 million containers annually, boosting Sri Lanka's economy. While Adani faced setbacks in renewable energy projects due to rate disagreements, the port's progress fuels optimism for future collaborations.
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