Mon Oct 07 10:52:37 UTC 2024: ## India and Maldives Strengthen Ties, Renewing Partnership Amid Economic Challenges

**New Delhi, India** – Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu met on Monday, signaling a renewed commitment to strengthening bilateral relations between the two nations. The meeting comes after a period of strained relations following President Muizzu’s election campaign which focused on limiting India’s influence in the Maldives.

During the meeting, Prime Minister Modi reaffirmed India’s commitment to the Maldives, highlighting its crucial role in India’s ‘Neighbourhood First’ policy and SAGAR (Security and Growth for All in the Region) vision. “India is the Maldives’ nearest neighbor and close friend, and has always played the role of first responder,” he stated.

President Muizzu, on his first state visit to India since assuming office last November, acknowledged India’s support for the Maldives, particularly during economic challenges. He expressed his gratitude for India’s recent financial assistance, which includes a $100 million rollover of the Maldivian Treasury Bench by the State Bank of India, a $400 million currency swap agreement, and a Rs 3000 crore currency swap agreement.

“India has always stood by the island nation in its time of need,” said President Muizzu. He also extended an invitation for Prime Minister Modi to visit the Maldives, highlighting the importance of tourism to the island nation’s economy.

The meeting also saw the virtual inauguration of the redeveloped Hanimaadhoo International Airport, a project supported by India. This project is part of a broader economic cooperation framework that includes infrastructure development, aimed at further strengthening bilateral ties.

Despite the challenges, both leaders emphasized their commitment to a comprehensive economic and maritime security partnership. The meeting showcased a renewed focus on collaboration, with India playing a vital role in supporting the Maldives’ economic recovery and navigating its economic challenges.

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