India Gives Fresh Maritime Loan To Maldives After Snatching Crucial Projects From China

Jaishankar also oversaw the signing of a project execution contract for the construction of roads in Addu, the second-largest urban area in Maldives.

Editorial Staff

India Gives Fresh Maritime Loan To Maldives After Snatching Crucial Projects From China

India has started signing a slew of projects with the Maldives under the Ibrahim Mohamed Solih government in an attempt to counter China, which has taken up key infrastructure projects in the island nation in the Indian Ocean Region as part of its One Belt, One Road connectivity initiative India has reiterated its commitment to the Maldives' security and signed a $50 million defence line of credit (LoC) agreement with Malé to boost the maritime capabilities of the strategic island nation. The agreement, which was signed during Indian Foreign Minister S. Jaishankar’s visit to Malé, comes just months after New Delhi snatched crucial infrastructure projects from China in the Maldive s. Cordial meeting with Defence Minister @MariyaDidi . Useful exchange on our defence cooperation. India will always be a reliable security partner for Maldives. pic.twitter.com/0TTZVAMRfJ — Dr. S. Jaishankar (@DrSJaishankar) February 21, 2021 Stressing that India is a longstanding and reliable partner of the M…

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