Keeping China in check: Why Mazagon Dock's Lanka deal is a big strategic move
Team TOI Plus
TIMESOFINDIA.COM
Jul 1, 2025, 16:56 IST IST
As defence PSU MDL acquires a majority stake in Colombo Dockyard, it will provide India with a crucial operational foothold in the Indian Ocean Region, adjacent to some of the world's busiest maritime routes. Here's how it will help both India and Sri Lanka
In a significant move, India's state-owned Mazagon Dock Shipbuilders Ltd (MDL) is set to make its first international acquisition with the purchase of a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka 's largest shipbuilder.
Valued at ₹450 crore, the deal will provide the Mumbai-based defence public sector undertaking (PSU) — which builds submarines, warships and other vessels — with a crucial operational foothold in the Indian Ocean Region, adjacent to some of the world's busiest maritime routes.
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