$565M Credit Line For Maldives, Talks On Free Trade Pact

India and Maldives have revitalised their bilateral relationship, marked by Indian Prime Minister Narendra Modi’s visit to the Maldives and the announcement of a fresh $565 million line of credit (LoC) for the island nation.This credit line, denominated in Indian rupees (approximately Rs 4,850 crore), is intended for priority infrastructure and development projects in key sectors such as defense,
India and Maldives have revitalised their bilateral relationship, marked by Indian Prime Minister Narendra Modi’s visit to the Maldives and the announcement of a fresh $565 million line of credit (LoC) for the island nation.This credit line, denominated in Indian rupees (approximately Rs 4,850 crore), is intended for priority infrastructure and development projects in key sectors such as defense,
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