In terms of geo-political strategy, Sri Lanka’s economic dependency on China and the precedent it has set, Indian experts are apprehensive of the growing Sri Lanka-China relationship.
Colombo’s plans to acquire land for the industrial zone have run into stiff domestic opposition, backed by former President Mahinda Rajapaksa.
Hundreds of Sri Lankans clashed with police at the opening last month of the industrial zone in the south, saying they would not be moved from their land.
Sri Lanka is heading towards one of its worst droughts in 30 years, which in the long-term could lead to land degradation and seriously impact the country’s economy.
The new investment would give the Chinese control of Magampura port and a proposed investment zone – an attempt by Sri Lanka to revive their own economy.
A round-up of major happenings in Sri Lanka in the last week.
India has celebrated Navy Day on December 4 since the 1971 war with Pakistan, when three Indian missile boats sank three Pakistani ships off Karachi that day with six missiles. This marked the start of India’s first naval offensive against Pakistan and was only the second time anti-ship […]