The Male connectivity projects will be constructed under India’s $100 million grant and $400 million line of credit. India also provided Line of Credit of $100 million for development projects in Maldives.
Addressing media persons, Solih said, “Maldives-India relations go beyond diplomacy. This visit is a confirmation of the close ties between our two countries.”
The two countries exchanged six documents on areas such as cyber security, disaster management and development of police infrastructure. PM Modi and the President of Maldives were present in the exchange of agreements.
Ahead of the exchange, a video was shown about the Greater Mail Connectivity Project and other developmental projects that are strengthening the India-Maldives bond.
President of Maldives during Joint Press Statement with Prime Minister Modi “We have also decided to provide an additional $100 million line of credit to the Maldives so that all projects can be completed on time,” he added.
Earlier in the day, the Ministry of External Affairs Spokesperson Arindam Bagchi He said, “A partnership bound by the waves of the Indian Ocean, based on close historical and cultural ties. PM @narendramodi and President of Maldives @ibusolih reviewed the progress in our bilateral ties and ways to further deepen the Special Partnership. discussed.”
In addition to official events in New Delhi, President Solih will hold discussions with an Indian business delegation in Delhi. During the visit, President Solih will also visit Mumbai, Maharashtra and participate in business events.
Maldives is India’s major neighbor in the Indian Ocean region and occupies a special place in India’s Neighborhood First policy. In recent years, the partnership has seen rapid development in all areas of cooperation.
Maldives has always been a close and important maritime neighbor for India. The multi-faceted relationship between the two countries has strengthened despite disruptions related to the pandemic. India’s “Neighbourhood First” policy and Maldives’ “India First” policy work together to address shared concerns and advance mutual interests.
Back in March, President Solih highlighted the positive role India has played in the country’s affairs over the past two years.
In a national address, Solih thanked the Indian government for helping his country tackle the COVID-19 pandemic, including providing vaccines. Solih mentioned several friendly bilateral partners. However, he chose New Delhi to assist in the Maldives’ COVID-19 response efforts.