China helps Sri Lanka’s aspiration to become major logistics hub in ... - ft.lk

India is building six new major ports, including Colachel and Vizhinijam, in an effort to reduce reliance on the only deep-water commercial port in South Asia, Sri Lanka's port of Colombo. India's Sagarmala initiative aims to save Indian companies time and money in transport costs by offering mega container terminal points along with specialised facilities. Other ports and container terminals in India may attract direct calls from major container shipping lines leading to a potential threat to Sri Lanka's transshipment activities and its ability to become a key logistics hub.

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