US EditionIndia's Friendship Package for Maldives: FTA Talks, ₹4,850 Crore Line of Credit, 72 Large Vehicles, and More
MALDIVES, JUL 25 – India’s Rs 4,850 crore credit line to Maldives reduces its annual debt repayments by 40%, supporting infrastructure projects and strengthening bilateral cooperation across multiple sectors.
- On July 25, 2025, India extended a Rs 4,850 crore rupee line of credit to Maldives, the first in Indian rupees, enhancing bilateral support.
- Following a period of strained relations, relations began thawing this week after Muizzu's policies, leading India to extend a Rs 4,850 crore rupee-denominated line of credit to President Mohamed Muizzu's Maldives.
- India and the Maldives signed four MoUs and three agreements, including an MoU between IITM and Maldives Meteorological Services covering fisheries, aquaculture, digitalisation and meteorology.
- Following the credit agreement, Foreign Secretary Vikram Misri said annual debt repayment obligations will drop 40%, supporting Maldives' financial relief efforts.
- Strengthening ties, India’s development partnership with Maldives will grow beyond $1 billion, underscoring a renewed strategic relationship in the Indian Ocean region.
34 Articles
34 Articles
India announces Rs 4,850 cr LoC for Maldives; Modi says ties between two neighbours as deep as ocean
These measures were announced after PM Modi held extensive talks with Maldivian President Mohamed Muizzu that focused on deepening bilateral cooperation in a range of areas, including trade, defence and maritime security.
India's friendship package for Maldives: FTA talks, ₹4,850 crore line of credit, 72 large vehicles, and more
Several key agreements and Memorandums of Understanding (MoUs) were signed between the two nations – from India pledging a Line of Credit to Maldives to launching negotiations on a free trade agreement between the two countries.
India extends Rs 4,850 crore line of credit to Maldives - The Tribune
Foreign Secretary Vikram Misri, addressing a press briefing, said that this will be the first line of credit extended to the Maldives denominated in Indian rupees, replacing the earlier dollar-denominated credit.
‘Our friendship will be bright & clear,’ says Modi as India extends $565 mn line of credit to Maldives
A diplomatic thaw over 14 months sees India extend further lines of credit, agree to reduction in annual debt repayments & open negotiations for FTA during Modi’s 2-day visit to Maldives.
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