Sri Lanka chooses JV with Indian firm over China for $300-mn housing deal


Sri Lanka has reversed a decision to award a $300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour. Prime Minister Ranil Wickremesinghe will meet his counterpart Narendra Modi on Saturday in New Delhi, the Indian capital, for talks.

The two countries have long-standing ties, partly because of cultural and ethnic links with Tamils, many of whom live in the island's north and east. In April, state-run China.

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