India and Maldives ink $50 million Defence deal to boost maritime capabilities
EAM Jaishankar also proposed a $40 million credit line to finance the growth of sports facilities in the Maldives, one of the largest recipients of Indian neighbourhood assistance.
Joe Biden and the chairman of Chinese propaganda chief have met in 2013
Reiterating its commitment to the security of Island nation the Maldives, India on Sunday signed a USD 50 million defence Line of the Credit Agreement. The deal between the two countries would boost the maritime capabilities of Maldives which is strategically located in the India Ocean region.
The $50 million credit line agreement was signed between the Ministry of Finance of the Maldives and the Export-Import Bank of India for defence projects. The agreement was signed after talks with Maldivian Minister of Defence Mariya Didi, Minister of Finance Ibrahim Ameer, Minister of Economic Development Fayyaz Ismail and Minister of National Planning, Housing