×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 04 March, 2021

  • 4 Min Read

West Container Terminal to be Constructed Jointly by India-SL-Japan

West Container Terminal to be Constructed Jointly by India-SL-Japan

  • The Sri Lankan Cabinet has approved a proposal to develop Colombo Port’s West Container Terminal(WCT) under a joint venture with India and Japan.

Note: This proposal comes after Sri Lanka pulled out of the 2019 tripartite agreement with India and Japan to develop the East Container Terminal (ECT).

About the West Container Terminal(WCT) Project:

  • Location: The West Container Terminal(WCT) is strategically located next to a Chinese-run Colombo International Container Terminal(CICT).
  • Model: The terminal will be developed on a Build, Operate and Transfer(BOT) model for a period of 35 years.
  • Investors: For the project, Sri Lanka has asked India and Japan to nominate the investors. But neither India nor Japan has officially commented on the offer.
    • Earlier, India had approved Adani Ports to invest in the ECT project. However, Japan is yet to name an investor.
  • Stakes in WCT: India and Japan will have an 85% stake in the West Container Terminal.
  • It is similar to the terms set for the Colombo International Container Terminal(CICT) where China holds an 85% stake.
  • Moreover, India and Japan's stake in the WCT is better than the earlier deal on the ECT – where they had a 49% stake.

Source: TH


E-pharmacies

E-pharmacies The Ministry of Health sent "show cause" letters to at least 20 businesses in February 2023 for online drug sales, including Tata-1mg, Flipkart, Apollo, PharmEasy, Amazon, and Reliance Netmeds. What is e-pharmacy? E-pharmacy refers to the purchasing and selling of drugs and other pharmaceutical products through a

Punchhi Commission Report

Punchhi Commission Report The Punchhi Commission's report on relations between the federal government and its constituent states will now be reviewed for state responses, according to the Union Ministry of Home Affairs (MHA). Historical Background: A Commission on Centre-State Relations was established by the Indian government,

Indo-German Relations

Indo-German Relations Olaf Scholz, the Chancellor of Germany, recently paid a bilateral visit to India. It is Scholz's first trip to India after taking office as German Chancellor in December 2021, ending Angela Merkel's illustrious 16-year reign. About the news: The visit of the German chancellor is significant because i

India Denmark Cooperation

India Denmark Cooperation During the "India-Denmark: Partners for Green and Sustainable Development Conference" in New Delhi, the Union Minister for Environment, Forests, and Climate Change said that India and Denmark can work together to show that reaching ambitious climate and sustainable energy targets is possible. Since the Gr

Mob lynching and Cow Vigilantism

Mob lynching and Cow Vigilantism The recent lynching and burning of two men in Haryana on the basis of allegations of unlawful cow slaughter, smuggling, or transportation bring attention to the problem of mob lynching. About cow vigilantism: Mob attacks carried out in the guise of "cow protection" primarily target Mus

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts