Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge – Times of India
State-run Mazagon Dock Shipbuilders Limited (MDL) has announced its first international acquisition, signing a deal worth up to $52.96 million to acquire a controlling stake in Sri Lanka’s Colombo Dockyard PLC (CDPLC). The strategic move is seen as a major step in expanding India’s maritime influence in the Indian Ocean Region amid China’s growing footprint.MDL,…