Latest news with #ComprehensiveEconomicandMaritimeSecurityPartnership
India.com
25-07-2025
- Business
- India.com
Trade Pact, Rs 5,000 Cr Credit Line, Defence Ties And More: PM Modi, Maldivian President Muizzu Elevate Bilateral Ties
On his State Visit to Maldives, PM Narendra Modi held wide ranging talks with President Mohamed Muizzu and the two leaders discussed an array of bilateral issues, boosting the ties between the two nations. The Ministry of External Affairs said in a statement that the two leaders reviewed the entire spectrum of India-Maldives relations & reaffirmed their commitment to further strengthening the ties. The MEA said that discussions were held for cooperation in the fields of development partnership, capacity building, health, infrastructure, digital economy, aquaculture, climate change and renewable energy. "The two leaders called for closer collaboration to enhance peace, progress and prosperity of the Indian Ocean region," said the MEA. Notably, PM Modi is the first foreign Head of State or Government to be invited by Maldives on a state visit during President Muizzu 's term. Issuing a joint statement with Muizzu, PM Modi said that to give a new flight to development partnership, India has decided to provide a line of credit of 565 million dollars, which is approximately five thousand crore rupees, for the Maldives. "This will be used for projects related to the development of infrastructure here, in line with the priorities of the people of the Maldives," said PM Modi. The leaders also took stock of the progress in the implementation of the India-Maldives Joint Vision for a 'Comprehensive Economic and Maritime Security Partnership' adopted in 2024. PM Narendra Modi said, "Last year in October, during the President's visit to India, we shared a vision on extensive economic and maritime partnership. Now, this is becoming a reality. It is a result of that, that our relations are touching new heights. Thanking India for the continuous support, President Muizzu said, "I am also pleased to announce the initiation of negotiations for a free trade agreement between India and Maldives. This landmark initiative marks a significant step forward in strengthening our economic partnership." PM Modi also said that India is the closest neighbor of the Maldives. "The Maldives holds an important place in both India's 'Neighbourhood First' Policy and MAHASAGAR is also proud to be the most trusted friend of the Maldives. Be it a disaster or a pandemic, India has always stood by as the 'First Responder'. Whether it is about providing essential commodities or managing the economy post-Covid, India has always worked together," he said. The Prime Minister also hailed the strenghtening of the defence ties. "Mutual cooperation in the field of defence and security is a testament to mutual trust. The Defence Ministry building, which is being inaugurated today, is a concrete structure of trust. It is a symbol of our strong partnership."
NDTV
25-07-2025
- Business
- NDTV
India, Maldives Sign Several Pacts During PM Modi's Visit, Agree On Trade Deal Terms
Male: Prime Minister Narendra Modi on Friday held wide ranging talks with Maldives President Mohamed Muizzu at the President's Office in Male as both leaders reviewed the entire spectrum of India-Maldives relations and reaffirmed their commitment to further strengthening bilateral ties. "They discussed cooperation in the fields of development partnership, capacity building, health, infrastructure, digital economy, aquaculture, climate change and renewable energy. The two leaders called for closer collaboration to enhance peace, progress and prosperity of the Indian Ocean region," the Ministry of External Affairs (MEA) posted on X after the bilateral discussions. The leaders also took stock of the progress in the implementation of the India-Maldives Joint Vision for a 'Comprehensive Economic and Maritime Security Partnership' adopted in 2024. This is Prime Minister Modi's third visit to Maldives - he had visited the Indian Ocean archipelago in 2018 and 2019, earlier - and the first by a Head of State or Government to Maldives during the Presidency of Mohamed Muizzu which began in November 2023. Both countries announced later that they have agreed on Terms of Reference of the India-Maldives Free Trade Agreement (FTA) and also signed several Memorandums of Understanding (MoU), including in the fields of fisheries and aquaculture. The two nations also signed an agreement for a Line of Credit (LoC) of INR 4,850 crores to Maldives besides an amendatory agreement on reducing annual debt repayment obligations of Maldives on Government of India-funded LoCs. An MoU was also signed between the Indian Institute of Tropical Meteorology (IITM), Ministry of Earth Sciences and the Maldives Meteorological Services (MMS), Ministry of Tourism and Environment. The two nations also signed a MoU on cooperation in the field of sharing successful digital solutions implemented at population scale for Digital Transformation between the Ministry of Electronics and IT of India and Ministry of Homeland Security and Technology of Maldives. Both nations also signed an MoU on recognition of Indian Pharmacopoeia (IP) by Maldives. Network-to-Network Agreement between India's NPCI International Payment Limited (NIPL) and Maldives Monetary Authority (MMA) on UPI in Maldives was also signed during PM Modi's visit to Maldives. Earlier in the day, PM Modi was accorded a ceremonial welcome and guard of honour at the Republic Square in Male as he began his official engagements during a two-day State Visit to the country. Maldives President Mohamed Muizzu was also present on the occasion. Children performed a dance to welcome PM Modi at the venue and the ceremonial welcome was followed by a meeting between the two leaders. In a special gesture, President Muizzu welcomed PM Modi at the airport in Male as he arrived from the United Kingdom. Maldives Foreign Minister, Defence Minister, Finance Minister and Minister of Homeland Security were also present at the airport to welcome PM Modi. PM Modi said that he is "deeply touched" by Muizzu's gesture of coming to the airport to receive him. He expressed confidence that the ties between two nations will scale new heights of progress in the coming times. "Landed in Male. Deeply touched by the gesture of President Muizzu to come to the airport to welcome me. I am confident that India-Maldives friendship will scale new heights of progress in the times to come," PM Modi posted on X. PM Modi will participate in the country's 60th Independence Day celebrations as the Guest of Honour on Saturday. This is his third visit to the Maldives and notably the first by any head of state or government since Muizzu assumed office.
Hans India
25-07-2025
- Business
- Hans India
India and Maldives sign several MoUs during PM Modi's visit, agree on FTA Terms of Reference
Male: Prime Minister Narendra Modi on Friday held wide ranging talks with Maldives President Mohamed Muizzu at the President's Office in Male as both leaders reviewed the entire spectrum of India-Maldives relations and reaffirmed their commitment to further strengthening bilateral ties. "They discussed cooperation in the fields of development partnership, capacity building, health, infrastructure, digital economy, aquaculture, climate change and renewable energy. The two leaders called for closer collaboration to enhance peace, progress and prosperity of the Indian Ocean region," the Ministry of External Affairs (MEA) posted on X after the bilateral discussions. The leaders also took stock of the progress in the implementation of the India-Maldives Joint Vision for a 'Comprehensive Economic and Maritime Security Partnership' adopted in 2024. This is Prime Minister Modi's third visit to Maldives - he had visited the Indian Ocean archipelago in 2018 and 2019, earlier - and the first by a Head of State or Government to Maldives during the Presidency of Mohamed Muizzu which began in November 2023. Both countries announced later that they have agreed on Terms of Reference of the India-Maldives Free Trade Agreement (FTA) and also signed several Memorandums of Understanding (MoU), including in the fields of fisheries and aquaculture. The two nations also signed an agreement for a Line of Credit (LoC) of INR 4,850 crores to Maldives besides an amendatory agreement on reducing annual debt repayment obligations of Maldives on Government of India-funded LoCs. An MoU was also signed between the Indian Institute of Tropical Meteorology (IITM), Ministry of Earth Sciences and the Maldives Meteorological Services (MMS), Ministry of Tourism and Environment. The two nations also signed a MoU on cooperation in the field of sharing successful digital solutions implemented at population scale for Digital Transformation between the Ministry of Electronics and IT of India and Ministry of Homeland Security and Technology of Maldives. Both nations also signed an MoU on recognition of Indian Pharmacopoeia (IP) by Maldives. Network-to-Network Agreement between India's NPCI International Payment Limited (NIPL) and Maldives Monetary Authority (MMA) on UPI in Maldives was also signed during PM Modi's visit to Maldives. Earlier in the day, PM Modi was accorded a ceremonial welcome and guard of honour at the Republic Square in Male as he began his official engagements during a two-day State Visit to the country. Maldives President Mohamed Muizzu was also present on the occasion. Children performed a dance to welcome PM Modi at the venue and the ceremonial welcome was followed by a meeting between the two leaders. In a special gesture, President Muizzu welcomed PM Modi at the airport in Male as he arrived from the United Kingdom. Maldives Foreign Minister, Defence Minister, Finance Minister and Minister of Homeland Security were also present at the airport to welcome PM Modi. PM Modi said that he is "deeply touched" by Muizzu's gesture of coming to the airport to receive him. He expressed confidence that the ties between two nations will scale new heights of progress in the coming times. "Landed in Male. Deeply touched by the gesture of President Muizzu to come to the airport to welcome me. I am confident that India-Maldives friendship will scale new heights of progress in the times to come," PM Modi posted on X. PM Modi will participate in the country's 60th Independence Day celebrations as the Guest of Honour on Saturday. This is his third visit to the Maldives and notably the first by any head of state or government since Muizzu assumed office. India and Maldives sign several MoUs during PM Modi's visit, agree on FTA Terms of Reference
Hindustan Times
25-07-2025
- Business
- Hindustan Times
PM Modi arrives in Maldives for 2-day historic visit, receives grand welcome from President Mohamed Muizzu
Prime Minister Narendra Modi arrived in Malé, Maldives, on Friday, where he was received with a warm welcome by President Mohamed Muizzu along with key members of his cabinet, including the foreign, defence, finance, and homeland security ministers. Prime Minister Narendra Modi receives a warm welcome from Maldivian President Mohamed Muizzu upon arrival in Malé, ahead of bilateral talks and Independence Day celebrations.(Screengrab from ANI) Narendra Modi was received on arrival in Malé by Maldivian President Mohamed Muizzu, who had extended the invitation for the two-day visit. Modi was welcomed with a traditional dance performance by children before heading for scheduled high-level discussions. According to foreign secretary Vikram Misri, this is the first state visit by a foreign head of government that President Muizzu is hosting since taking office in November 2023. The visit is being viewed as a diplomatic breakthrough amid a period of strained ties between New Delhi and Malé under Muizzu's administration. Modi will be the guest of honour at the Maldives' Independence Day celebrations on July 26 and is expected to inaugurate several India-assisted development projects during the visit. In his departure statement, the Prime Minister said, "This year also marks the 60th anniversary of the establishment of diplomatic relations between our two countries." "I look forward to my meetings with President Muizzu and other political leadership, to advance our joint vision of a Comprehensive Economic and Maritime Security Partnership, and to strengthen our cooperation for peace, prosperity and stability in the Indian Ocean Region," he added. The PM arrived in Maldives following a two-day trip to the United Kingdom, where India and the UK signed a landmark trade agreement aimed at boosting bilateral trade by removing tariffs on key goods including cars, textiles, and whisky.
Time of India
25-07-2025
- Business
- Time of India
PM Modi arrives in Maldives for two-day visit
Prime Minister Narendra Modi arrived in the Maldives on Friday on a two-day visit, during which he will attend the archipelago nation's 60th Independence Day celebrations as the chief guest. Modi was received on arrival by President Mohamed Muizzu , who had invited him for the visit. The two leaders are also scheduled to hold extensive talks during the trip. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Finance healthcare Product Management Data Science PGDM Data Science Digital Marketing Technology Operations Management Leadership Others others Degree MBA Artificial Intelligence Healthcare Project Management CXO Public Policy Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The prime minister was welcomed with a traditional dance performance by children. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo This is the first state visit of a head of government that Muizzu is hosting in his presidency since assuming office in November 2023, according to Foreign Secretary Vikram Misri. Modi arrived here from a two-day visit to the UK, during which the two countries inked a landmark trade deal to boost two-way trade by eliminating tariffs on cars, textiles, whisky and a range of other products. Live Events Modi's visit to the Maldives is being seen as a breakthrough in the ties between Male and New Delhi following a spell of frostiness under Muizzu. The prime minister will be the guest of honour at the Maldivian Independence Day celebrations on July 26. He will also hold extensive talks with President Muizzu and is set to inaugurate a number of India-assisted development projects in the island nation. In his departure statement, Modi said, "This year also marks the 60th anniversary of the establishment of diplomatic relations between our two countries." "I look forward to my meetings with President Muizzu and other political leadership, to advance our joint vision of a Comprehensive Economic and Maritime Security Partnership, and to strengthen our cooperation for peace, prosperity and stability in the Indian Ocean Region," he added.
