PM Modi’s masterstroke stuns China! announces Rs 48500000000 to this Muslim country as…, it is…
After a period of affected ties, India and the Maldives seem to be rebuilding their friendship. On Friday, Prime Minister Narendra Modi announced the signing of an agreement offering the Maldives a Line of Credit of Rs 4,850 crore. The announcement came after bilateral meetings between the two nations. PM Modi also revealed that talks have begun on a Free Trade Agreement (FTA) between India and the Maldives.
Modi is currently visiting the Maldives at the invitation of President Mohamed Muizzu. This shows a shift in Muizzu’s earlier stance. The same leader who once started the ‘India Out’ campaign has changed his tone.
India-Maldives Relations
This is a big development especially given the recent blow in India-Maldives relations. President Muizzu was turning towards China more and had started an anti-India campaign. The situation worsened with offensive remarks made by Maldivian ministers against PM Modi and India, which sparked calls within India to boycott tourism to the island nation. However, the latest developments shows that Muizzu may have changed his approach and is now reassessing his foreign policy priorities.
PM Modi Chief Guest In Maldives’ 60th Independence Day
PM Modi will attend the 60th Independence Day celebrations of the Maldives as the chief guest, marking six decades of diplomatic ties between the two countries. During the visit, Modi noted that both nations have agreed to collaborate on renewable energy initiatives, with India sharing its expertise in the sector. He congratulated the people of the Maldives on the historic occasion and thanked them for their warm welcome.
India’s Strategic Response To China’s
India’s decision to extend a Rs 4,850 crore Line of Credit is not only as financial support to the Maldivian economy but also as a strategic counterbalance to China’s growing financial presence in the region. The move shows India’s role as a trusted and dependable partner in the Maldives’ development.
The initiation of Free Trade Agreement discussions hints at a deeper economic engagement between the two countries. An FTA would help increase bilateral trade, provide Maldives with easier access to Indian markets, and offer strategic advantages to India in the Indian Ocean region.
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