Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge
Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for up to $52.96 million, marking its first international acquisition. This strategic move aims to expand India's maritime influence in the Indian Ocean Region amidst China's growing presence.
Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for up to $52.96 million, marking its first international acquisition. This strategic move aims to expand India's maritime influence in the Indian Ocean Region amidst China's growing presence.
