India signs $50-mn pact to boost Maldives’ naval capabilities

New Delhi: India has signed an agreement with the Maldives to extend a $50-million line of credit to strengthen Male’s maritime capabilities, cementing New Delhi’s position as a key defence partner of the archipelago nation.

A total of five agreements were signed between the two countries over the weekend during Indian foreign minister S. Jaishankar’s two-day visit to Male which concluded on Sunday. It comes against the backdrop of China looking to increase its footprint in the Indian Ocean region—seen as India’s sphere of influence—with its multi-billion dollar Belt and Road Initiative and expanding naval presence.

Ties between India and the Maldives have been on an upswing since Ibrahim Solih took over…

Read further.

Sanjrani launches tourist safari train

Al Hamra’s new 12-year UAE residence visa initiative drives record sales of homes in Ras Al Khaimah