Adani-Backed CWIT Fuels Sri Lanka’s Economic Growth with Major FDI

Adani-backed Colombo West Terminal emerges as Sri Lanka’s top FDI source in 2025
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The Colombo West International Terminal (CWIT), a collaboration between India’s Adani International Port Holdings and Sri Lanka’s John Keells Holdings, in association with the Sri Lanka Ports Authority, has emerged as the leading contributor to Sri Lanka’s Foreign Direct Investment (FDI) for the first nine months of 2025.

According to the Board of Investment (BOI), CWIT invested USD 229 million from January to September to enhance port infrastructure, solidifying its role as a major driver of investment inflows this year. Overall, total FDI, including loans for BOI-approved enterprises, has reached USD 827 million, marking a significant 138% increase over the same period in 2024.

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Once operational, CWIT is expected to boost the Port of Colombo’s annual capacity by 3.2 million TEUs, reinforcing its status as a key transshipment hub in South Asia. The BOI detailed the FDI inflows, which included USD 133 million in equity, USD 132 million from retained earnings, USD 231 million in intra-company borrowings, and USD 331 million in long-term loans. Additionally, USD 124 million came from new project agreements signed this year, with the rest stemming from existing ventures’ expansions and reinvestments.

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