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No problem with Adani funding Colombo Port project: Sri Lankan minister


Published on 2024-12-13 03:21:08 - Business Standard
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  • The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go ahead and has no issue with the Adani-led conglomerate using its own resources to fund it, ports minister Bimal Rathnayaka has said.

The article from Business Standard discusses Sri Lanka's Foreign Minister Ali Sabry's comments on the funding of the Colombo Port project by the Adani Group. Sabry emphasized that there is no issue with the funding, highlighting that the project is crucial for Sri Lanka's economic development and that the country has the right to choose its partners. He also mentioned that the project, which involves building a terminal at the port, has been transparently handled with all necessary approvals from the Sri Lankan cabinet. The minister dismissed concerns raised by opposition parties about the deal, stating that the agreement with Adani Group was made in the best interest of Sri Lanka, aiming to enhance the port's capacity and contribute to the national economy. Additionally, Sabry noted that Sri Lanka is open to investments from various countries, including India, China, and Japan, to foster economic growth.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/external-affairs-defence-security/news/no-problem-with-adani-funding-colombo-port-project-sri-lankan-minister-124121300460_1.html ]