Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Lankan PM to visit as India eyes leasing airport near Hambantota.


Date: 21-11-2017
Subject: Lankan PM to visit as India eyes leasing airport near Hambantota
NEW DELHI: In the backdrop of India's interest in leasing out an airport in China-dominated Hambantota, Sri Lankan PM Ranil Wickremasinghe will be in New Delhi this week for talks with PM Narendra Modi. Wickremasinghe arrives on Tuesday and will speak at a key cyber security conference before meeting the Indian leadership.

Sri Lanka has become an important partner for India both in the neighbourhood and in the Indian Ocean region. In addition, India is reportedly using Colombo's influence over Myanmar's Buddhist leadership to help defuse the Rohingya crisis.

India has expressed interest in operating the Mattala international airport near the Hambantota port. China recently announced it would pay Sri Lanka $1.1 billion for Hambantota port's terminals, which may ease some of the debt Colombo has taken but will mean a virtually permanent Chinese ownership of their real estate. China's ambassador to Sri Lanka Yi Xianlang recently said that Chinese firms would invest $5 billion into the SEZ near the port.

India wants to lease the Mattala airport for 40 years at something over $200 million - the trouble is, the airport is actually in the middle of nowhere, and is jokingly described as the world's "emptiest" airport. India wants to operate the airport for its own airlines, which have apparently reported an uptick in tourist travel to southern Sri Lanka. There is also some vague plan of using it as a training space or even as a freight hub. The leasing makes sense from a security/strategic point of view as it will give India eyes on Hambantota.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Date: 06-10-2020
Instruction No. 18/2020-Customs
Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit –regarding



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001