India and Maldives decided to collaborate in the development of a state-of-the-art commercial port at Thilafushi island to de-congest the Male port and provide enhanced cargo handling capacity at Thilafushi.
India today granted cash-strapped Maldives a USD100 million Treasury bills roll over, in addition to both sides inking a USD 400 million and Rs 3,000 crore currency swap agreement.
India and Maldives have started discussions for a free trade agreement, Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu mentioned in their press address after the bilateral and delegation-level talks here in New Delhi.
In a post on X, Spokesperson of Ministry of External Affairs, Randhir Jaiswal said, "Taking forward India-Maldives special ties! PM Narendra Modi warmly received President Mohamed Muizzu of Maldives as the latter arrived at Hyderabad House. Extensive discussions on India-Maldives bilatera
During the interaction, they inquired about the community's well being, listened to their concerns and challenges, and reaffirmed the administration's dedication to addressing the issues.
External Affairs Minister S Jaishankar on Sunday greeted Maldives President Mohamed Muizzu, who arrived in New Delhi for his first bilateral visit to India. Jaishankar expressed appreciation for Muizzu's commitment to strengthening the India-Maldives relationship.
Maldives President Mohamed Muizzu departed on a State visit to India on Sunday, along with first lady Madam Sajidha Mohamed, the country's President office said.