Indian Billionaire Gautam Adani meets President & Prime Minister

by Zulfick Farzan 26-10-2021 | 6:14 PM

COLOMBO (News 1st); Indian billionaire Gautam Adani called on President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa during his private visit to Sri Lanka on Monday (25) and Tuesday (26).

Adani tweeted that he was privileged to meet President Rajapaksa and PM Mahinda Rajapaksa.

"In addition to developing Colombo Port's Western Container Terminal, the Adani Group will explore other infrastructure partnerships," he further added, noting that India's strong bonds with Sri Lanka are anchored to centuries’ old historic ties.

Ahmedabad-headquartered Indian multinational conglomerate Adani Group last month entered into an agreement with the Sri Lanka government-owned Port Authority to develop the Colombo Port’s West International Container Terminal.

The $700 million Build-Operate-Transfer deal is the largest foreign investment ever in the port sector of the island nation.

The Adani group is also exploring the possibility of investing in the island nation's energy and wind sector, a senior official from the state-owned Ceylon Electricity Board (CEB) said on Tuesday, reported the Hindu.

On Monday (26), the Adani Group delegation were seen visiting several areas in Mannar by helicopter.

According to The Hindu, Sri Lanka's Board of Investment said the Phase II of the Mannar Wind Energy Park with a capacity of 100 MW is open on a Build, Own, Operate and Transfer (BOOT) basis for potential investors.