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India says it has longstanding curiosity in creating Colombo port, Sri Lankan authorities in direct talks with buyers | India Information – Instances of India

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NEW DELHI: Days after Sri Lanka unilaterally cancelled Indian and Japanese participation within the growth of East Container Terminal at Colombo port, India on Thursday mentioned it has a longstanding curiosity in participation within the port.
Speaking to reporters on the digital weekly briefing, ministry of exterior affairs spokesperson Anurag Srivastava mentioned India’s curiosity in participation within the Colombo port “is a long-standing one since most items dealt with there are from and to India”.
“We had, in precept, settlement from the Sri Lankan Government on this regard. Present Authorities has, nevertheless, expressed a choice in partaking buyers immediately. I perceive discussions are nonetheless underneath approach,” he mentioned.
India and Sri Lanka signed a memorandum of understanding for “cooperation on financial initiatives” in 2019. The event and operation of the container terminal was one of many initiatives within the MoU and it was a three way partnership.
Succumbing to robust opposition from commerce unions throughout the nation, Sri Lanka has unilaterally pulled out of the 2019 settlement with India and Japan for creating the strategic East Container Terminal (ECT) on the Colombo Port.

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