MAKING WAVES E-NEWS BRIEF 04 MAY 2021 – 18 MAY 2021
Adani Ports and Special Economic Zones’ plans to abandon its container terminal project at Yangon, Myanmar. This has been preceded by the loss of the contract for the ONGC Videsh Ltd-discovered Farzad-B gas field off the Iranian coast. Together, these projects cost the investors more than US$ 500 million in investments. The loss of these projects due to US-led sanctions against Myanmar and Iran could greatly affect India’s ‘Neighbourhood First’ policy.
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