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Modi announces ₹4,850cr Line of Credit to Maldives
July 26, 2025
|Orissa POST
India is proud to be the most trusted friend of the Maldives, Prime Minister Narendra Modi said Friday after announcing a Rs 4,850 crore line of credit to the island nation.
Modi made the remarks after holding wide-ranging talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure. The Prime Minister’s visit marked a major turnaround in India-Maldives ties after a spell of unease.
Modi also announced that the two countries will work towards finalising a bilateral investment treaty and that negotiations for a free trade pact have already started.
The Maldives holds an important place in India’s “Neighbourhood First” policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the Prime Minister said. Modi said India has decided to provide a line of credit of $ 565 million (Rs 4,850 crore) to the Maldives.
هذه القصة من طبعة July 26, 2025 من Orissa POST.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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