India is closely monitoring Sri Lanka's decision to lease out the Mattala Rajapaksa International Airport (MRIA) near the China-controlled Hambantota Port. Under a 30-year Build-Operate-Transfer model, Sri Lanka has invited bids from domestic and international investors by June 9. This presents a strategic opportunity for Indian companies to establish a foothold in the Indian Ocean, countering the influence China gained after acquiring the neighboring port on a 99-year lease in 2017.
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