We expect Sri Lanka to keep India's security concerns in mind: MEA

ANI  |  New Delhi [India] 

The Ministry of External Affairs (MEA) on Thursday said that it expected the of to keep New Delhi's security concerns and sensitivities in mind with regard to regional developments and dynamics.

Responding to a question on taking operational control of Sri Lanka's strategically located Hambantota Port's, Ministry of External Affairs spokesman Raveesh Kumar said, "We are confident about the strength and enduring nature of our ties with which are deep rooted and multi dimensional. Our relations with stand on its own and are not dependent on our relation with any third country."

"We continue to take up with issues related to security concerns in the region and expect that our Sri Lankan friends will keep in mind our security concerns and sensitivities," he added.

had recently handed over its main southern port of Hambantota to on a 99-year lease.

The port, near the main shipping route from to Europe, is expected to play a key role in China's Belt and Road Initiative (BRI).

According to media reports, has received USD 292 million out of a USD 1.12 billion deal.

The Merchants Port Holdings Company (CMPort) and the Ports Authority will own the port and the investment zone around it.

The Chinese firm will now hold 70-per cent-stake in a joint venture with the state-run Ports Authority (SLPA).

Chinese firm will reportedly invest an additional USD 600 million to make Hambantota port operational and USD 1.12 billion from the deal will be used for debt repayment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 14 2017. 20:28 IST