NEW DELHI -- Indian conglomerate Adani Group has signed a deal worth over $700 million to build a container terminal at the strategic Colombo port, a move that observers say will give a boost to Sri Lanka's struggling economy, where the expanding Chinese presence is a matter of concern to Delhi.
International relations
Sri Lanka walks India-China tightrope with port deal
Adani Group to build Colombo terminal in $700m agreement
India once again claims the container terminal deal in Colombo after being dumped by Sri Lanka earlier this year. (Source photos by Yuji Kuronuma and AP)
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