President Anura Kumara Dissanayake told Indian media during an official visit to Delhi this week that Sri Lanka not concerned about Adani Group’s deals with other countries and is focused only on projects worth $1 billion on the island.
Dissanayake was on his first state visit to Sri Lanka’s powerful neighbor since winning the presidency in September and a landslide parliamentary election victory last month.
“Sri Lanka cares about our investments, our development,” he told the Economic Times in an interview published on Wednesday.
“We will be looking at how they have worked in our country. If they have worked in a way that suits us, suits our initiatives, then we will not mind working with Adani Group.”
Sri Lanka decided to review two projects worth about $1 billion linked to the Adani conglomerate last month after U.S. authorities accused Adani Group chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials and mislead U.S. investors. After allegation. its funds.
The port-power conglomerate called the allegations “baseless” and said it was seeking “all possible legal remedies”.
India’s Adani Green Energy Ltd. ( ADNA.NS ) opens new tabs on plans to invest $442 million in two wind farms in Sri Lanka, while Adani Ports ( APSE.NS ) opens new tabs. A $553 million terminal project at Colombo Port will also be funded.
President Anura Kumara Dissanayake is scheduled to visit China, the island’s largest bilateral creditor, in January, reports The Hindu.
India provided more than $4 billion in aid to Sri Lanka in 2022 when the island’s economy plunged into a deep financial crisis, and in July reached an initial debt restructuring agreement with other bilateral creditors, Japan and China.
