Why India’s Colombo Dockyard stake signals strategic shift in Indian Ocean power balance?

CMPort exects more than 170% profit increase in the first six months of the year.

In a move carrying significant geopolitical weight, India’s state-owned Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Sri Lanka’s Colombo Dockyard for $52.96 million marking its first international acquisition.

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