India and Maldives have signed seven Memoranda of Understanding (MoUs) for projects to be built under the Indian grant assistance scheme for the High - Kenya breaking news | Kenya news today | Capitalfm.co.ke
India and Maldives on Monday signed seven Memoranda of Understanding (MoUs) for projects to be built under the Indian grant assistance scheme for the High Impact Community Development Project through local bodies (HICDP).
India and Maldives on Monday signed seven pacts for development of new projects in areas like health, sports, heritage conservation and youth centers. The projects were announced during External Affairs Minister Dr S Jaishankar's visit to the country last month. The new projects will be funded under the Indian High Impact Community Development Project (HICDP) grant assistance scheme.
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India signs contract to develop water projects across Maldives
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Synopsis
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.
Agencies
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