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MYANMAR – India-based Adani group has decided to leave Myanmar as the international sanctions imposed on Myanmar because of the military dictator’s human right violations in Myanmar.
Adani group has sold its ports and special economic zone for 30 million dollars at 150 million dollars loss that will be built in Yangon and leave from Myanmar.
Adani group has sold Yangon ports and special economic zone project for a loss-making 30 million dollars after US government imposed sanctions on the Myanmar Economic Corporation owned by the military dictatorship.
It was estimated that Adani group had invested up to 195 million dollars but they sold for only 30 million dollars as it is impossible for them to work with sanction-hit organizations.
Reuters news reported on March 4 that India-based Adani group has sold the port and special economic zone that will be built in Yangon, for 30 million dollars at a loss of millions dollar.
It was reported in the news that Adani’s project will be purchased by Solar Energy Ltd but it is still not yet known in which country that company based.