Nicaragua wants to involve Indian businessmen in a $40-billion project to connect the Pacific and Atlantic Oceans by a mammoth canal. The project has been awarded to a Chinese entrepreneur and will be longer than the Panama Canal, but some doubt if it will ever be completed.
The canal faces opposition from environmentalists as it will cut across a major freshwater lake. It is likely to be used by super large tankers carrying shale gas to Asian markets and India is among those countries that could get gas from the U.S.
Visiting Nicaraguan Foreign Minister Samuel Santos Lopez elaborated the details of the canal to External Affairs Minister Salman Khurshid at a meeting with industry representatives, said External Affairs Ministry spokesperson Syed Akbaruddin.
Mr. Lopez also reiterated support for India’s candidature for a permanent seat in the U.N. Security Council.
