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Strategic opportunity: Mazagon-CDPLC deal boosts India's maritime influence
Business Standard Editorial Comment Mumbai
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The announcement that state-owned Mazagon Dock Shipbuilders Ltd (MDSL) will acquire a controlling stake in Colombo Dockyard PLC (CDPLC) in a deal worth $53 million must be seen as an important milestone in strengthening India's maritime influence in a key corridor in the Indian Ocean Region. Mumbai-based MDSL, which builds warships and submarines for the Indian Navy and platforms and vessels for offshore oil drilling, is India's largest defence shipyard and a designated Navratna company. Its proposed acquisition of the loss-making CDPLC, which is Sri Lanka's leading ship-building and repair facility, will expand MDSL's portfolio, with the added benefit of
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