PM's visit is significant, as it is his first since bilateral ties were strained by the “India Out” campaign.
Key Outcomes of visit:
- Signing of Agreements on:
- A Line of Credit (LoC) of ₹4,850 crores to Maldives.
- To reduce Maldives' annual debt repayment on Indian government-funded loans.
- For enabling UPI in Maldives.
- Terms of Reference of proposed Free Trade Agreement.
- 6 MOUs were exchanged in fields of fisheries and aquaculture, meteorology, digital public infrastructure, UPI, Indian pharmacopoeia etc..
- Inauguration / Handing-over of:
- 3,300 social housing units in Hulhumale under India's Buyers' Credit facilities, Roads and Drainage system project in Addu city.
- Two Aarogya Maitri Health Cube (BHISHM) sets.
Significance of Maldives for India
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