India announces $100 million credit line to the Maldives

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>India will extend a &dollar;100 million line of credit to the Maldives to support development projects&comma; Prime Minister Narendra Modi said&comma; after holding talks with his counterpart&comma; President Ibrahim Mohamed Solih&period;<&sol;p>&NewLine;<p>Mr Solih arrived in India on Monday for a four-day visit&period;<&sol;p>&NewLine;<p>The two countries signed six agreements to boost cooperation in several areas&comma; including disaster management&comma; cybersecurity and affordable housing&period;<&sol;p>&NewLine;<p>The two leaders also marked the start of construction on the Greater Male Connectivity Project&comma; a 4&period;2-mile long bridge and causeway funded by India that will connect the nation’s capital&comma; Male&comma; to three other islands&period;<&sol;p>&NewLine;<p>Both stressed the importance of close ties between their two countries as essential for peace and stability in the region&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;There has been renewed vigour in the friendly ties between India and Maldives&period; Our closeness has increased&comma;” Mr Modi said&comma; adding that despite challenges sparked by the Covid-19 pandemic&comma; cooperation between the two countries has strengthened&period;<&sol;p>&NewLine;<p>Mr Solih said the two leaders discussed terrorism and the need to &OpenCurlyDoubleQuote;enhance maritime safety and security in the Indian Ocean region”&period;<&sol;p>&NewLine;<p>Neither mentioned China&comma; but Mr Solih’s election in 2018 marked a shift from his predecessor&comma; Abdulla Yameen Abdul Gayoom&comma; who developed close ties with Beijing in an area India considers as its backyard&period;<&sol;p>&NewLine;<p>India has been concerned by Mr Yameen’s leaning towards China&comma; which has sought to gain more influence in the Indian Ocean&period; The former president had pledged support for China’s Belt and Road Initiative&comma; with the country investing in many infrastructure projects in the Maldives&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The Maldives will always remain a true friend of India&comma;” Mr Solih said on Tuesday&comma; adding that the relationship between the two will be &OpenCurlyDoubleQuote;of the highest priority”&period;<&sol;p>&NewLine;<p>His visit follows an announcement that he will run for re-election in 2023&period;<&sol;p>&NewLine;<p>Since coming to power&comma; the Maldivian president has touted his government’s &OpenCurlyDoubleQuote;India-first policy” and has pledged full support towards deepening ties with New Delhi&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed65f4dbced">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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