PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.
Multiple credit lines and currency support from India under its "Neighbourhood First" policy began to help Sri Lanka gather stability in is path to economic recovery.
The US official confirmed that the DFC was satisfied with its due diligence as it found no relevance in Hindenburg's allegations of Adani pulling off supposed corporate malpractices.
The strategic investment by DFC is indicative of how the Indian conglomerate Adani group has been acting as a bulwark against Chinese dominance in the Indian Ocean Region.