Sri Lanka Emphasizes Local Adani Investments Amid Scrutiny

Sri Lankan President Anura Kumara Dissanayake emphasized that his government is primarily concerned with the Adani Group's activities within Sri Lanka, dismissing issues related to the conglomerate's dealings with other countries. Dissanayake stated that if Adani's operations align with Sri Lanka's development goals, his government would welcome their involvement. This comes amid ongoing scrutiny of the Adani Group by U.S. authorities, with allegations of misconduct prompting a review of their $1 billion projects in Sri Lanka. He acknowledged environmental concerns linked to Adani's projects but reiterated that both investment and ecological considerations are important to his administration. Dissanayake also noted that Adani had withdrawn a financing request from the U.S. International Development Finance Corporation but appears to have alternative funding sources. The Sri Lankan government is keen to attract more Indian investments as part of its economic recovery efforts.