Latest news with #MutualandHolisticAdvancementforSecurityandGrowthAcrossRegions
Hans India
3 days ago
- Business
- Hans India
India offers Rs 4,850 cr credit line to Maldives
Male: India is proud to be the most trusted friend of the Maldives, Prime Minister Narendra Modi said on Friday after announcing a Rs 4,850 crore line of credit to the island nation. Modi made the remarks after holding wide-ranging talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure. The prime minister's visit marked a major turnaround in India-Maldives ties after a spell of unease. Modi also announced that the two countries will work towards finalising a bilateral investment treaty and that negotiations for a free trade pact have already started. The Maldives holds an important place in India's "Neighbourhood First" policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the prime minister said. Modi said India has decided to provide a line of credit of USD 565 million (Rs 4,850 crore) to the Maldives. Mutual cooperation in the field of defence and security is a testament to mutual trust, he said. India will always support the Maldives to strengthen its defence capabilities, he added. Modi landed in Male this morning to a warm welcome with Muizzu and a number of top ministers of his government receiving the prime minister at the Velena international airport, reflecting the importance Male attached to the trip. Hours later, Modi was accorded a colourful ceremonial welcome and a guard of honour at the iconic Republic Square. "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," Modi said in a social media post. The two leaders held a one-on-one meeting before settling down for delegation-level talks.
Hindustan Times
3 days ago
- Politics
- Hindustan Times
India aware of China's aim to become ‘maritime power': Government
India is aware of China's stated objective of becoming a "maritime power", and New Delhi closely monitors all developments in the Indian Ocean Region impinging on its security and economic interests and takes appropriate measures to safeguard them, the Centre informed Parliament on Friday. Countries such as Sri Lanka, the Maldives and Mauritius occupy a central place in India's 'Neighbourhood First' Policy and MAHASAGAR vision. (Representational/Reuters) In a written response to a query in the Lok Sabha, Minister of State for External Affairs Kirti Vardhan Singh also said, "Our relations with countries in the Indian Ocean Region are comprehensive and long-standing, based on their own merit and are independent of their relations with any third countries." The Ministry of External Affairs was asked whether China's growing presence in the Indian Ocean Region is a "strategic challenge" for India. "The government is aware of China's stated objective of becoming a 'maritime power'. As part of this strategy, China is developing ports and other infrastructure facilities in the littoral countries in the Indian Ocean Region," he said. China also has a naval and maritime presence in the Indian Ocean Region, including through anti-piracy escort missions, port calls and deployment of research and survey vessels, the MoS said. "Government closely monitors all developments in the Indian Ocean Region impinging on India's security and economic interests and takes appropriate measures to safeguard India's interests," he added. Countries such as Sri Lanka, the Maldives and Mauritius occupy a central place in India's 'Neighbourhood First' Policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the MoS said. "Our political relations with countries of the region are strong, trade and investment ties are being augmented, development projects and infrastructural cooperation are progressing, and there is broad-based engagement across all sectors," he added.
The Hindu
4 days ago
- Business
- The Hindu
India aware of China's aim to become 'maritime power', closely monitors developments in IOR: Centre
India is aware of China's stated objective of becoming a maritime power, and New Delhi closely monitors all developments in the Indian Ocean Region impinging on its security and economic interests and takes appropriate measures to safeguard them, the Centre informed Parliament on Friday (July 25, 2025). In a written response to a query in the Lok Sabha, Minister of State for External Affairs Kirti Vardhan Singh also said, 'Our relations with countries in the Indian Ocean Region are comprehensive and long-standing, based on their own merit and are independent of their relations with any third countries.' The Ministry of External Affairs was asked whether China's growing presence in the Indian Ocean Region is a strategic challenge for India. 'The government is aware of China's stated objective of becoming a maritime power. As part of this strategy, China is developing ports and other infrastructure facilities in the littoral countries in the Indian Ocean Region,' he said. China also has a naval and maritime presence in the Indian Ocean Region, including through anti-piracy escort missions, port calls and deployment of research and survey vessels, the MoS said. Government closely monitors all developments in the Indian Ocean Region impinging on India's security and economic interests and takes appropriate measures to safeguard India's interests, he added. Countries such as Sri Lanka, the Maldives and Mauritius occupy a central place in India's 'Neighbourhood First' Policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the MoS said. 'Our political relations with countries of the region are strong, trade and investment ties are being augmented, development projects and infrastructural cooperation are progressing, and there is broad-based engagement across all sectors,' he added.
New Indian Express
4 days ago
- Business
- New Indian Express
India announces Rs 4,850 crore Line of Credit to Maldives
MALE: India is proud to be the most trusted friend of the Maldives, Prime Minister Narendra Modi said on Friday after announcing a Rs 4,850 crore line of credit to the island nation. Modi made the remarks after holding wide-ranging talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure. The prime minister's visit marked a major turnaround in India-Maldives ties after a spell of unease. Modi also announced that the two countries will work towards finalising a bilateral investment treaty and that negotiations for a free trade pact have already started. The Maldives holds an important place in India's "Neighbourhood First" policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the prime minister said. Modi said India has decided to provide a line of credit of USD 565 million (Rs 4,850 crore) to the Maldives. Mutual cooperation in the field of defence and security is a testament to mutual trust, he said. India will always support the Maldives to strengthen its defence capabilities, he added. Modi landed in Male this morning to a warm welcome with Muizzu and a number of top ministers of his government receiving the prime minister at the Velena international airport, reflecting the importance Male attached to the trip.
United News of India
4 days ago
- Business
- United News of India
PM Modi arrives in Male, receives warm welcome by President Muizzu
Male, July 25 (UNI) Prime Minister Narendra Modi arrived in Malé where he was warmly received by President Mohamed Muizzu along with the country's foreign, defence, finance, and homeland security Ministers. He will be the guest of honour at the Maldives' 60th Independence Day celebrations, which also mark six decades of diplomatic ties between the two nations. PM Modi's visit marks the second leg of his two-nation tour, following his high-level diplomatic engagements in the United Kingdom. PM Modi's two-day state visit to the Maldives is being seen as a significant step towards a diplomatic reset between India and the Maldives, especially following a period of strained ties after President Muizzu assumed office in November 2023. The trip also holds special symbolic value, as the Prime Minister will be the guest of honour at the Maldives' 60th Independence Day celebrations in the capital, Malé, on July 26. This is the first high-level visit by an Indian leader since Muizzu's election and also the first state visit being hosted by the new Maldivian president. Foreign Secretary Vikram Misri said, 'The Maldives is a close and important partner under India's 'Neighbourhood First' policy and the MAHASAGAR vision — Mutual and Holistic Advancement for Security and Growth Across Regions.' During the visit, Prime Minister Modi will hold bilateral talks with President Muizzu, focusing on key areas such as strategic cooperation, economic engagement, and maritime security. The two sides will also review the implementation of the India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership, which was finalised last year and now serves as the cornerstone of their bilateral relationship. India's High Commissioner to the Maldives, G. Balasubramanian, stated that several Memorandums of Understanding (MoUs) will be signed during the visit. 'There will be bilateral meetings between the Prime Minister and the President, followed by the signing of various MoUs and the inauguration or handover of Indian-supported development projects, whether funded through lines of credit, buyer's credit, or grants,' he said. UNI AAB PRS
