LIVE: India’s Big Move Against China | MDL Takes Control of Colombo Dockyard | Vantage on Firstpost
India has taken a controlling 51% stake in Colombo Dockyard, Sri Lanka’s largest shipbuilding and repair facility, marking its first-ever overseas acquisition in the shipbuilding sector.The deal gives India a strategic foothold inside Colombo Port, one of the busiest maritime hubs in the Indian Ocean.
But this move goes beyond business. It comes amid growing competition in the region, with China expanding its presence through ports and infrastructure projects, including Hambantota.
India’s investment is being seen as part of a broader effort to strengthen its position in the Indian Ocean through partnerships, access, and selective control of critical infrastructure.
Here's why India’s Colombo Dockyard deal matters.
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