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India inks $50 million defence LoC agreement to bolster Maldives' maritime capabilities

India inks $50 million defence LoC agreement to bolster Maldives maritime capabilities
The $50 million credit line agreement for defence projects was signed between the Finance Ministry of Maldives and the Export Import Bank of India
PTI | February 21, 2021 | Updated 15:15 IST
India on Sunday reiterated its commitment to the Maldives security and signed a $50 million defence Line of Credit agreement with it to boost the maritime capabilities of the strategic island nation. The $50 million credit line agreement for defence projects was signed between the Finance Ministry of Maldives and the Export Import Bank of India.
The signing of the agreement took place after External Affairs Minister S Jaishankar held talks with Maldivian Defence Minister Mariya Didi, Minister of Finance Ibrahim Ameer, Minister of Economic Development Fayyaz Ismail and Minister of National Planning, Housing and Infrastructure Mohamed Aslam. ....

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India signs USD 50 mln LoC agreement to boost Maldives' maritime capability

India signs USD 50 mln LoC agreement to boost Maldives maritime capability
ANI |
Updated: Feb 21, 2021 17:36 IST
New Delhi [India], February 21 (ANI): India has signed a USD 50 million line of credit (LoC) agreement with the Maldives to facilitate maritime capability building of the island nations.
According to a joint India-Maldives joint statement, the agreement was signed between the Government of Maldives and EXIM Bank India.
The agreement was signed during the visit of External Affairs Minister S Jaishankar to the Maldives.
Welcome the signing of USD 50 million Defence LoC agreement with the Maldives. Will facilitate capability building in the maritime domain, Jaishankar tweeted. ....

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