The correct answer is option 2 - Sri Lanka. Hambantota Port is located in Sri Lanka. Hambantota Port is a deep-water seaport located in the southern part of Sri Lanka, specifically in the district of Hambantota. It is one of the two main ports in Sri Lanka, with the other being the Colombo Port.

Hambantota Port is strategically located due to its proximity to major international shipping routes, making it an important hub for maritime trade. The port is also part of China`s Belt and Road Initiative, which seeks to enhance connectivity and trade between China and countries in Asia, Europe, and Africa.

The development of Hambantota Port has been a topic of interest and controversy due to its financial implications for Sri Lanka. The port was initially constructed with significant Chinese investment, leading to concerns about Sri Lanka’s debt to China and the potential for China to gain undue influence in the region.

In conclusion, Hambantota Port is located in Sri Lanka and plays a significant role in the country`s maritime trade and connectivity.