Adani's Colombo Port Project under scrutiny amid Sri Lanka's shift in stance
Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence.
Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project.
On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.
The Colombo port terminal project is a joint venture between India's largest port operator Adani Ports and SEZ Ltd, Sri Lanka Ports Authority and Sri Lankan conglomerate John Keells Holdings. Adani owns 51% of the consortium.
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