Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsCOLOMBO, Nov 8 (Reuters) - The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector. Ports-to-edible oils Adani group, controlled by Indian billionaire Gautam Adani, holds a 51% stake in the west container terminal of the port, which also has a terminal run by China Merchants Port Holdings Co Ltd (0144.HK). India extended about $4 billion in swaps and credit lines to Sri Lanka last year, providing critical support to import fuel, medicine and fertiliser during the worst of the crisis. Sri Lankan conglomerate John Keells Holdings owns 34% of the WCT and the rest is held by the state-run Sri Lanka Ports Authority (SLPA).

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Persons: Amit Dave, Gautam Adani, Scott Nathan, Uditha Jayasinghe, Kim Coghill Organizations: Adani, REUTERS, Rights, U.S . International Development Finance Corporation, India's Adani, China Merchants Port Holdings Co, HK, West, John Keells Holdings, WCT, Sri Lanka Ports Authority, Thomson Locations: Ahmedabad, India, Colombo, Indian, Sri Lanka, China, Sri