Why has Mazagon Dock bought controlling stake in Sri Lanka's Colombo dockyard?

Mazagon Dock, India’s biggest warship builder, has bought a controlling interest in Colombo Dockyard PLC (CDPLC). The Indian government-run firm headquartered in Mumbai and chaired by ex-Indian Navy captain Jagmohan has bought Sri Lanka’s biggest dockyard and publicly-listed company for $52.96 million (Rs 452 crore) in cash

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