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Financial Times
Financial Times
Business
Benjamin Parkin in New Delhi and Chloe Cornish in Mumbai

India’s plan to take on China as south Asia’s favourite lender

© Rory Griffiths/FT/Getty/Dreamstime

In 2018, Chinese engineers became the first to link the scattered islands of the Maldives by road, inaugurating the 2km Sinamalé Bridge that arched across the waters separating the capital Malé from its airport.

The inter-island bridge was a symbol of Beijing’s multibillion-dollar infrastructure lending programme in the Indian Ocean. Now, another regional power is preparing to bankroll its own, even longer, structure in the same area.

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