China Merchants Group plans to expand its investment in Sri Lanka to $2bn, with the construction of a logistics hub in Colombo Port, according to a company statement. The complex, costing $392m, will be CMG's first major foreign investment since the country's default last year. CMG will own a 70% stake in the facility, which it has called South Asia's largest logistics hub.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5CMhZzG
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