India, Japan Sign Tripartite Pact With Sri Lanka to Develop Strategic Port

India, Japan Sign Tripartite Pact With Sri Lanka to Develop Strategic Port

India and Japan have struck an important tripartite agreement with Sri Lanka to jointly develop the “East Container Terminal” in the Port of Colombo. As per the agreement, a terminal operator company will be set up with the Sri Lanka Ports Authority holding a 51% stake and the rest being split between India and Japan.

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