Indian investment in Sri Lanka will proceed slowly
2018; Emerald Publishing Limited; Linguagem: Inglês
10.1108/oxan-db229227
ISSN2633-304X
Tópico(s)Global Financial Crisis and Policies
ResumoSubject India's plans to invest in projects in Sri Lanka. Significance Burgeoning Chinese investment in Sri Lanka is prompting India to advance its economic and security interests in its island neighbour. Sri Lanka’s National Unity Government (NUG) -- a coalition between President Maithripala Sirisena’s faction of the Sri Lanka Freedom Party (SLFP) and Prime Minister Ranil Wickremesinghe’s United National Party (UNP) -- is discussing with Delhi separate deals for Colombo to divest stakes in an airport in Hambantota and an oil-tank farm in Trincomalee. Impacts India is likely to step up investment plans in Nepal, vying with China for influence over the incoming leftist government. Any sign of Chinese military vessels docking at Hambantota would raise alarm in Delhi. Australia will likely join India, Japan and the United States in its annual naval drills in the Indian Ocean.
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