In a surprising turn of events, Adani Ports, part of the Adani Group conglomerate, has decided to walk away from a $553 million loan offered by the United States Development Finance Corporation (DFC) for its Colombo Port project in Sri Lanka. This decision, disclosed by the company on Tuesday, raises questions about what might have pushed the Indian giant to reject such a large financial backing.
Why Adani Walked Away
The project, called the West Container Terminal (WCT) at Colombo Po...