Mazagon Dock's Lanka deal to give India big foothold in region

added a post in National

2025-06-27 22:23:05 -

Mazagon Dock Shipbuilders Limited is set to acquire a controlling stake in Colombo Dockyard PLC for $53 million, marking its first international acquisition and providing a strategic foothold in the Indian Ocean Region. This move aims to counter China's growing influence in Sri Lanka and establish MDL as a global maritime player.

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