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SL must retain ownership of Colombo Dockyard: CP

The Island

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July 03, 2025

The Communist Party has urged the public, trade unions, and civil society organisations to unite to pressure the government to prevent India from taking over the controlling stake in the Colombo Dockyard Ltd.

SL must retain ownership of Colombo Dockyard: CP

The following is the text of the statement titled 'Hands off our sovereignty: Colombo Dockyard must remain Sri Lankan' issued by CPSL General Secretary Dr. G. Weerasinghe: “The Communist Party of Sri Lanka (CPSL), while appreciating the historic friendly ties between India and Sri Lanka, strongly condemns the reported acquisition of a 51% controlling stake in Colombo Dockyard PLC by India’s Mazagon Dock Shipbuilders Ltd—a company wholly owned by the Indian Ministry of Defence. This move represents not merely a commercial transaction, but a strategic encroachment on Sri Lanka's sovereignty and maritime independence.

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