US government lends $553 million to Indian billionaire’s port venture ...News

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The Adani conglomerate will get American funding for its joint-project in Sri Lanka A US government agency which finances infrastructure and other projects in developing countries will help fund a port project being speared by Indian billionaire Gautam Adani in Sri Lanka. The move could be seen as America’s effort to counter China’s massive investments in the Southeast Asian region, where New Delhi is actively increasing its influence under its Act East Policy, which promotes economic cooperation and strategic relationships with neighboring countries.  The US International Development Finance Corporation (DFC) ann

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