New Delhi, Oct 7: During President Mohamed Muizzu’s four-day visit to India, Prime Minister Narendra Modi and Muizzu engaged in crucial discussions to bolster bilateral relations. This marks Muizzu’s inaugural trip to India since taking office, aiming to reinforce ties that had faced difficulties in the previous year.
In a joint press briefing, Modi announced the rollover of $100 million in treasury bills for the Maldives and confirmed a $400 million currency swap agreement, showcasing India’s dedication to supporting the nation amid its economic struggles. Modi referred to the Maldives as India’s “nearest neighbor and close friend,” highlighting the long-standing historical relationship and the Maldives’ strategic importance in India’s neighborhood policy.
The two leaders also discussed the establishment of a consulate in Bengaluru and a potential free trade agreement. Modi emphasized that development partnerships are vital to the India-Maldives relationship, stating, “India has always played the role of first responder for Maldives… Today, we have taken up the vision of a comprehensive economic and maritime security partnership.”
President Muizzu expressed his appreciation for India’s continued support, noting its critical role in the Maldives’ socio-economic and infrastructure development. He highlighted the objective of finalizing a free trade agreement to fully capitalize on the economic potential between the two countries and increase Indian investments in Maldivian tourism and development sectors.
Upon his arrival in India on Sunday, Muizzu was warmly welcomed at Hyderabad House by Modi. He also received a ceremonial reception at Rashtrapati Bhawan from President Droupadi Murmu, which included a tri-services guard of honor, before paying homage at Mahatma Gandhi’s memorial at Rajghat.
During the visit, Muizzu invited Modi for a state visit to the Maldives and encouraged Indian tourists to visit the island nation.
