Indian Prime Minister Narendra Modi announced a $566.5 million loan package during his two-day visit to the Maldives and initiated discussions on a bilateral free trade agreement. Modi aims to deepen development cooperation amid growing competition with China for influence in the island nation. Despite recent political tensions, India has supported the Maldives economically. The financial aid will enhance security, health, housing, and education in the Maldives. Modi also inaugurated the Hanimaadhoo airport expansion project remotely.
Indian Prime Minister Narendra Modi, during his visit to the Maldives, has announced a loan assistance package of $566.5 million and initiated discussions on a bilateral free trade agreement.
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