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INDIAN DEFENCE MINISTRY COMPANY SET TO ANCHOR STRATEGIC INFLUENCE IN COLOMBO PORT

July 01, 2025

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Daily Mirror - Sri Lanka

What kind of geopolitical connotations will it entail for Sri Lanka?

India is poised to secure another strategic investment in Sri Lanka with plans by its public sector company under the Indian Defence Ministry, Mazagaon Dock Shipbuilders (MDL)' for acquiring a majority stake in Colombo Dockyard PLC (CDPLC).

As reported by the Indian media, the company said that the board of directors has "approved the proposal for acquisition of a controlling and substantial stake of Colombo Dockyard PLC by way of an investment not exceeding $ 52.96 million.

Mazagon Dock, along with Colombo Dockyard and Japan's Onomichi Dockyard, signed a tripartite agreement on June 27 under which MDL will acquire the Japanese company's controlling stake in Colombo Dockyard.

The Mumbai-headquartered Mazagon Dock Shipbuilders is a public sector shipyard and is also known as the 'Shipyard of the Nation.' It specialises in the construction of warships, submarines, and commercial vessels.

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