Maldives and Sri Lanka two nations whose economies are heavily dependent on tourism suffered a big blow due to COVID-enforced regulations after the outbreak
The fear is that lingering instability in the government could be exploited by the pro-China opposition. That could emerge as a headache for India, which is currently constructing two airports and a port in Maldives besides a host of other infrastructure projects.
Foreign powers should not bring their conflicts to Indian Ocean Region: Maldives
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The Maldives is at the heart of the IOR and prosperity and stability of the archipelagic state leads to stability of the region and vice versa, Shahid told ET in an exclusive interaction, ahead of his meeting with external affairs minister S Jaishankar in New Delhi. “The Maldives has been at the heart of the IOR for centuries, contributing to stability of the region,” he said.
The minister recalled that the two sides recently held a physical meet of counter-terror officials and the revival of the India-Maldives-Sri Lanka national security adviser-level dialogue had been very useful to combat menace in the region.
India signs contract to develop water projects across Maldives
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The contracts were signed between the Ministry of National Planning, Housing and Infrastructure and JMC Projects (India) Ltd., SMC Infrastructures Pvt. Ltd., Triveni Engineering & Industries Ltd. and Vishvaraj Environment Pvt. Ltd. The tendering process for the project was undertaken by Ministry of Finance, Government of Maldives.
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Indian Line of Credit projects stipulations mandate that 65%-75% of the project components are sourced from India. This leaves ample space for Maldivian businesses and services to be engaged in project implementation.
Contracts to develop Water Supply and Sewerage network across 34 islands of the Maldives were signed on Wednesday in the presence of Minister of Planning, Housing and Infrastructure, Mohamed Aslam, Minister of Finance, Ibrahim Ameer, Secretary (Multilateral) from the Ministry of Foreign Affairs Dr. Hala Hameed and Deputy High Commissioner of