Mazagon Dock Shipbuilders Limited (MDL), India’s leading defence public sector undertaking under the Ministry of Defence, has announced the completion of its first international...
Marking Prime Minister Modi’s 75th birthday, Bohra Muslims in Colombo held special prayers at their mosque, wishing him health, long life, and continued success in serving India.
India’s state-owned Mazagon Dock Shipbuilders is acquiring a majority stake in Sri Lanka’s Colombo Dockyard PLC for approximately $53 million. This marks MDL’s first overseas acquisition, strengthening India’s shipbuilding capacity and maritime influence in the Indian Ocean amidst China’s growing presence.
The Colombo West International Terminal, developed by Adani, is the first fully automated terminal in Colombo, aimed to enhance the efficiency of the port and ease congestion.
The strategic investment by DFC is indicative of how the Indian conglomerate Adani group has been acting as a bulwark against Chinese dominance in the Indian Ocean Region.