Hambantota is district in southern srilanka ,which was very underdeveloped. After 2007china showed huge interest in it and in 2009 Srilanka president Mahendra Rajapaksha announced to take loan at any rate of interest for it's development like construction of road , Airport called Matala Rajapaksha international airport and naval port called Hambantota port. Nobody has taken Srilanka seriously except China,who had given $307 million loan via it's EXIM bank .
Rajapaksha took loans of billions of dollars and taken huge funds for election campaigns, the NYT reported quoting wikileaks . Finally Rajapaksha losts and the RANBOW govt won in 2015 elections which is pro indian rather than previous govt.
Mattala International airport prooved to be a big failure and ranked world's emptiest port. Columbo port was sufficient to land ships but they constructed Hambantota which docked only 2 dozen ships for 2 years.
Loan and interests were increasing so Srilanka has decided to give Hambantota port on Lease to China for 99 years by which Srilanka got approx 1 billion $ to pay off their loans.
Reason why this happened is two folded-
- Poor connectivity of Hambantota with rest of the world.
- Long term strategy of China to get acres of land. Japan times quoted " China involvement in Srilanka raised inevitable speculation that Hambantota is the latest jewel in a so called "String of Pearls" that will pave the way for China's rapidly expanding navy to operate routinely in Indian Ocean from secure bases in the region ".
Now Srilanka has shifted it's Naval unit to Hambantota. Srilanka has announced India to be the majority partner to operate loss making Mattala Rajapaksha International Airport in Hambantota.
This shows strategic importance for India by which China can't deploy Naval and Military base in Hambantota and cause harm to dominance of India in Indian Ocean.
very interesting.....waste of money by politicians
Yea brother it's true politicians play with sentiments of compatriots
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Ok man 😃
awesome blog.
Thanks
awesome bro
.
😊
Do you know the flight code of Delhi?
Really no , what is it ? @tapash0507
Nice Work
Thanks 😊
India growing fastly
Undoutably India shows it's influence everywhere @moneyoption
Dont know about this
Read the post I'm sure you'll get it easily @farsipunjabi
thats a informative post.
Yea indeed I regularly update you wid these informative things @meet75
Bro China wale apna sochkar sab develop karte he....
China ko haar mili hai yaha Bhai @cryptoloverboy
Good news for Indians. Thanks for the update.... good post
Thanks to u also brother @sarthakgupta
wow, that the best news. Indian going to fly over all the countries :-)
Yea @subuweird it's great news for india
welcome 😊
thanks for this information bro..
Thanks for reading bro 😊
Wow.. it's amazing airport I think srilanka growing fast, do you thinking like me?
Brother it's amazing because India has got majority of it's stake and prooved China wrong in Indian Ocean dominance
Nice informative blog buddy ..
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Ok brother
Thank you brother ..
Welcome
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And u too man 😎
India is great and will be greatest.....
True brother , India comes late but with weight 😎
Very good articals
India is this first county who have great nevy
Shivaji Maharaj is father of nevy who invented naevy.
Thanks bhai 😊
good work bro.... but tell me who is the best in the world india or china?
Undoutably India but China also has it's position @infospace
nice
Thanks @warsishah
Informative information but Need more info regarding This!
What more your wanna bro ?
Nice post bro
Thanks brother
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Thanks brother
@abhishektechguru , Thanks to you for reply me , I hope You Watch my new post on earth .
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Ok man 😊
Informative post, thanks for such kind of info.
Thanks a lot man 😍
Tq u dost for sharing this kind of information
Welcome Bhai 😍
its very bed for shrilanka
It's all depends on politicians brother , Rajapaksha is one who done the wrong things for long term harm to Srilanka 😑
knowledgeable blog.
Thanks keep follow @prabh12
First time I heard about this
Follow and be updated about such an important news 😊 @latesttrends
Awesome blog bro
Thanks brother 😊
Good information
Thanks a lot , which context u found the best ?
it seems that the developing country is going to be developed one. well written.
Yea it seems good intentions alwz beneficial for country as well as individuals 😊@somenath30
Nice blog.
Thanks I hope you have completed the article 😍
Awesome
India deer aaya lekin durust aaya @gurumetras
Great
Thanks 😍😍
One day china will take all control of shrilanka in our hand
Yea it's a fact but India never let China control Srilanka 😊
Informative blog,
But please can you tell me one thing, either India better than China or not?
It's debatable brother , u can comment on this now 🤔 @rahul-pareek
whatttt
Deer aaye durust aaye India 😋 @gkumar
good work and nice post
Thanks @faheem023
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Just go to the options of sharing and then copy the link of the post that's it.. @amer26
Congratulations @abhishektechguru!
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Thanks a lot @arcange
Nice blog ...
Thanks a lot brother 😊