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India, Maldives sign 13 MoUs to implement projects under Indian grant assistance
The Political and Business Daily
|May 20, 2025
INDIA has signed 13 MoUs with the Maldives for enhancing ferry services in the island nation with an MVR 100 million grant, expanding maritime connectivity and uplifting community livelihoods.
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The MoUs signed on Sunday are for projects to be implemented under the Indian grant assistance scheme—High Impact Community Development Project (HICDP) Phase III.
The signing ceremony took place at the Ministry of Foreign Affairs, marking another milestone in the ever-strengthening partnership between the two countries, the Maldives' Ministry of Foreign Affairs said in a statement.
The 13 projects launched under this phase amount to a total grant of MVR 100 million (about Rs 55,28,47,552), primarily aimed at enhancing ferry services in the Maldives, expanding connectivity, and uplifting community livelihoods, it said.
This story is from the May 20, 2025 edition of The Political and Business Daily.
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