Gautam Adani America has decided to play a big bet on Gautam Adani in order to dominate China in Sri Lanka.
New Delhi: There is a big news for Gautam Adani, who has reached number three in the list of India’s legendary businessmen and world’s richest businessmen. America has decided to play a big bet on Gautam Adani to reduce China’s influence in Sri Lanka. The US has decided to provide $553 million to Gautam Adani to build a port terminal in Colombo, the capital of Sri Lanka.
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This is a kind of indirect agreement between New Delhi and Washington to reduce China’s growing influence in South Asia. Gautam Adani is going to get this amount from International Development Finance Corporation to develop Colombo’s Waste Container Terminal. It can be said to be the largest infrastructure investment in Asia by the International Development Finance Corporation, an agency of the US government.
This is one of the largest investments that the US has made in infrastructure around the world. The Development Finance Corporation of America says that this will help promote economic activities in Sri Lanka and this step will also help in regional economic integration.
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Due to this, better synergy can be formed between India and Sri Lanka. The funding being given to Gautam Adani to develop a port in Sri Lanka also indicates that the US is worried about China’s growing influence in Sri Lanka in recent times.
The Chinese port and highway project in Colombo, Sri Lanka’s capital, suffered a setback last year. Due to the deterioration of Sri Lanka’s financial condition, it was caught in the debt trap of China. India also wants to maintain the balance of power in its neighboring countries.
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The American investment company has invested 9.3 billion dollars so far in 2023. A US official said that this move to provide finance for Sri Lankan ports demonstrates its commitment to invest in development projects in the Asia Pacific region.
China invested 2.2 billion dollars in Sri Lanka last year. It is the largest foreign direct investment in Sri Lanka. US officials say that China is trapped in its debt trap to Sri Lanka and its economy can be seen to have a very bad effect.