Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for .96 million; India eyes regional maritime edge – Times of India

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,…

Read More
Keeping close watch on Sino-Pak maritime ties, says Navy chief | India News – Times of India

Keeping close watch on Sino-Pak maritime ties, says Navy chief | India News – Times of India

NEW DELHI: Pakistan is choosing weapons over the welfare of its people despite its precarious economic condition, Admiral Dinesh Tripathi said on Monday, adding that India is tweaking its operational plans and strategy to tackle the expanding collusiveness between Islamabad and Beijing in the maritime domain after the land borders.“We are keeping a watch on…

Read More