Indian business tycoon Adani expresses interest in Sri Lankan infrastructure projects
Indian business tycoon Gautam Adani has expressed interest in engaging in infrastructure development in Sri Lanka.
Adani has separately called on Sri Lanka’s President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa during a recent private cum business visit to Sri Lanka.
Having arrived with his family in private jets, Adani had tweeted that he was privileged to meet the Sri Lankan President and Prime Minister.
“In addition to developing Colombo Port’s Western Container Terminal, the Adani Group will explore other infrastructure partnerships,” he has stated.
“India’s strong bonds with Sri Lanka are anchored to centuries old historic ties,” Adani has added.
Meanwhile, Adani and his representatives had visited the wind power plant in the Mannar District in the Northern Province to explore investment opportunities in the area.
OSL take:
The interest shown by Indian business tycoon Adani in Sri Lanka is indicative of the growing business ties between Sri Lanka and India as well as the growing business potential in the island. The ongoing development programme and the move towards becoming a business hub in the South Asian region have expanded Sri Lanka’s economy along with business/investment opportunities in all key economic sectors in the country. India and Sri Lanka also enjoy a free trade agreement (FTA) that is to be further expanded. Indian businesses/investors could confidently explore the growing business/investment opportunities in Sri Lanka and also look at forming partnerships or joint ventures with local businesses.
| Article Code : | VBS/AT/IM/20211028/Z_1 |