India signs $50 million defence deal with Maldives to boost maritime capabilities of island nation

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Exterior Affairs Minister S Jaishankar, who’s in Male on a two-day go to, tweeted that the settlement ‘underscores the significance of connectivity in our Maldives partnership’

File picture of S Jaishankar. AFP

Male: India on Sunday reiterated its dedication to the Maldives’ safety and signed a $50 million defence Line of Credit score settlement with it to spice up the maritime capabilities of the strategic island nation.

The $50 million credit score line settlement for defence tasks was signed between the Finance Ministry of Maldives and the Export Import Financial institution of India.

The signing of the settlement passed off after Exterior Affairs Minister S Jaishankar held talks with Maldivian defence minister Mariya Didi, Minister of Finance Ibrahim Ameer, Minister of Financial Improvement Fayyaz Ismail and Minister of Nationwide Planning, Housing and Infrastructure Mohamed Aslam.

Jaishnakar, who’s right here on a two-day go to, held a “cordial assembly” with the defence minister.

“Helpful trade on our defence cooperation. India will all the time be a dependable safety associate for the Maldives,” Jaishankar tweeted.

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“Glad to signal with defence minister @MariyaDidi the UTF Harbour Challenge settlement. Will strengthen Maldivian Coast Guard functionality and facilitate regional HADR (Humanitarian Help and Catastrophe Reduction) efforts. Companions in growth, companions in safety,” he mentioned.

Didi mentioned it was a terrific pleasure to welcome Jaishankar.

“From time immemorial Defence Cooperation has been a key component of the sisterly relationship that exists between India and the Maldives. The Coast Guard Harbour & Dockyard at SIFAVARU will mark one other important milestone,” she tweeted.

Jaishankar additionally witnessed the signing of a challenge execution contract for the development of roads in Addu, the second-largest city space within the Maldives when it comes to inhabitants.

“Underscores the significance of connectivity in our Maldives partnership,” he tweeted.

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