Karishma Mehrotra

Tycoon Adani pulls request for U.S. loan to finance strategic Sri Lanka port The withdrawal marks another low point in U.S.-India ties after the billionaire’s indictment on charges related to fraud, and a blow to Washington’s bid to counter China’s regional clout.

The international terminal in Colombo was crucial to matching China’s clout in the strategically located island nation. The drawback of US funding is yet another strained moment for Delhi and Washington in recent months.

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