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Updated: July 25, 2025 06:23
Prime Minister Narendra Modi's July 25-26 visit to the Maldives marks a new beginning in bilateral relations, both nations embracing a new partnership in trade, technology, and regional security. The visit comes just ahead of the Maldives' 60th Independence Day, and Modi is the guest of honour, a diplomatic thaw after a strained year.
Principal points of the visit
India and the Maldives are engaged in active negotiations for a Free Trade Agreement and an investment treaty to facilitate economic engagement
Two-way trade has grown to nearly USD 500 million, with pharmaceuticals, cement, and engineering goods being exported and scrap and tuna being imported by India
India sanctioned its record high export quotas of key commodities to the Maldives in April 2025
Visa-free travel for Indian business travelers and UPI integration are facilitating business and tourism transactions
Strategic and economic cooperation
India extended a USD 100 million package of assistance through SBI Malè and interest-free rolled over it in 2024
USD 400 million currency swap facility and INR 30 billion support were provided to assist the Maldives' economy
The Greater Male Connectivity Project and the other infrastructure projects are reshaping regional development
Capacity building and technology
UPI launch in Maldives is a digital integration milestone
India continues to offer defence training, EEZ surveillance, and maritime security under the Colombo Security Conclave
Scholarships and vocational education programs are creating human capital
Sources: DD India, The Hindu Business Line, Business Standard, Indian Defence News, Channel I AM, India TV News, MSN India
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