India is ‘most trusted partner’, says Maldivian President Mohamed Muizzu

India is the “closest and most trusted partner” of the Maldives, President Mohamed Muizzu said on Friday during Prime Minister Narendra Modi’s visit to Malé.

“India’s partnership remains invaluable,” Muizzu said during a press briefing alongside Modi.

Muizzu announced the start of negotiations for a free trade deal between the two countries, describing the agreement as a “landmark initiative” to deepen economic cooperation.

Describing India as a key source market for tourism in the Maldives, he added that the two sides are working to enhance direct flight connectivity. Muizzu also outlined plans for technical collaboration in waste management, renewable energy, biodiversity, and water and sanitation.

Modi announced a Rs 4,850-crore (about $560 million) line of credit for development projects in the island nation. New Delhi also agreed to reduce the island nation’s annual debt repayment by 40%, from $51 million to $29 million.

India is proud to be the “most trusted friend” of the Maldives, Modi said, and reaffirmed that New Delhi would continue to serve as the island nation’s first responder in times of crisis.

“The Maldives holds an important place in both India’s Neighbourhood First Policy and the MAHASAGAR vision,” the prime minister stated.

MAHASAGAR refers to the Indian government’s Mutual and Holistic Advancement for Security and Growth Across Regions policy.

“Mausam chahe jaisa bhi ho [no matter what the weather may be]...

Read more