Mazagon Dock's Lanka deal to give India big foothold in region
The Times of IndiaFriday, June 27, 2025 at 10:14:04 PM
India's Mazagon Dock Shipbuilders is making waves with its first international deal—snagging a controlling stake in Sri Lanka's Colombo Dockyard for $53 million. This isn't just a business move; it’s a strategic play to strengthen India’s presence in the Indian Ocean while pushing back against China’s expanding influence in Sri Lanka. Think of it as a maritime chess move with big geopolitical implications.
Editor’s Note: Sri Lanka has become a hotspot for global powers vying for influence, especially China, which has poured billions into infrastructure there. India’s move signals it’s not sitting this one out—by investing in a key port asset, it’s securing both economic leverage and a stronger hand in regional security. For India, it’s about more than shipbuilding; it’s about shaping the balance of power in its backyard.
— Curated via WP Now’s
