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The Economic Times
The Economic Times
National

Sri Lanka's move to lease strategic airport near China-controlled Hambantota port sparks Indian interest

India Hambantota Sri Lanka China Indian Ocean Ocean

New Delhi: India is closely monitoring Sri Lanka's decision to offer foreign investors control of an airport near the China-controlled Hambantota port, as it could present a rare opening for Indian firms seeking strategic footholds in the Indian Ocean, people familiar with the matter said on Sunday.

The Sri Lankan government has already called for expressions of interest from domestic and international investors by June 9 to take control of the Mattala Rajapaksa International Airport (MRIA) in Hambantota under a 30-year build-operate-transfer (BOT) model.

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