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India signs USD 50 mln LoC agreement to boost Maldives' maritime capability

India signs USD 50 mln LoC agreement to boost Maldives maritime capability
ANI |
Updated: Feb 21, 2021 17:36 IST
New Delhi [India], February 21 (ANI): India has signed a USD 50 million line of credit (LoC) agreement with the Maldives to facilitate maritime capability building of the island nations.
According to a joint India-Maldives joint statement, the agreement was signed between the Government of Maldives and EXIM Bank India.
The agreement was signed during the visit of External Affairs Minister S Jaishankar to the Maldives.
Welcome the signing of USD 50 million Defence LoC agreement with the Maldives. Will facilitate capability building in the maritime domain, Jaishankar tweeted. ....

Indian Ocean , New Delhi , Mohamed Aslam , Ibrahim Ameer , Mohamed Nasheed , Abdulla Shahid , Ibrahim Mohamed Solih , Prasar Bharati , Ministry Of National Planning , National Planning , Economic Development , Defence Forces Of The Maldives , High Impact Community Development , Bank India , Public Service Media , Security Council , Un Security Council , Affairs Minister , Economic Development Fayyaz Ismail , Ministers Of Foreign Affairs , Bank Buyer Credit , Fahi Dhiriulhun Corporation , Ministry Of Housing , India On Sustainable Urban Development , External Affairs Ministers Jaishankar , Defence Loc ,

India signs $50 mn agreement to boost Maldives' maritime capability

India has signed a USD 50 million line of credit (LoC) agreement with the Maldives to facilitate maritime capability building of the island nations.
According to a joint India-Maldives joint statement, the agreement was signed between the Government of Maldives and EXIM Bank India.
The agreement was signed during the visit of External Affairs Minister S Jaishankar to the Maldives.
Welcome the signing of USD 50 million Defence LoC agreement with the Maldives. Will facilitate capability building in the maritime domain, Jaishankar tweeted.
Jaishankar, accompanied by a delegation of senior officials from India, paid an official visit to the Maldives on 20-21 February 2021 at the invitation of Maldivian Foreign Minister Abdulla Shahid. ....

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India pips China, inks deal to develop, support maintain harbour at naval base in Maldives

updated: Feb 22 2021, 03:01 ist
India on Sunday signed an agreement with the Maldives to “develop, support and maintain” a harbour at Uthuru Thila Falhu naval base in the island nation.
Though the new harbour is being built officially for the use of Maldives National Defence Force Coast Guard, it is likely to turn into a strategic asset for India and give it an edge over China, which has been trying to spread its tentacles in the Indian Ocean region.
The agreement was signed as External Affairs Minister S Jaishankar had a meeting with Maldivian Defence Minister Mariya Didi before concluding his two-day visit to Malé on. The Government of Maldives and the EXIM Bank India also signed another agreement for $50 million Line of Credit for defence projects in the archipelago. ....

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