Maldives and India formalised a sweeping framework for expanded cooperation, President Dr Mohamed Muizzu announced during a joint press statement, as he welcomed Indian Prime Minister Narendra Modi to Malé for high-level talks commemorating 60 years of diplomatic ties.
During the joint press statement, President Muizzu underscored India's central role in the Maldives' development. Eight memoranda of understanding were signed during the official meetings, reflecting mutual commitment to broad collaboration across key sectors, including infrastructure, defence, education, health care, and economic development.
Among the agreements, a USD 565 million line of credit was announced, an initiative President Muizzu described as essential for advancing critical national priorities. Targeted areas include sports, public housing, health services, education, and military infrastructure. India also offered a currency swap facility intended to help the Maldives navigate prevailing economic challenges.
Discussions also reflected the durability of bilateral relations, as President Muizzu commended India's longstanding assistance, including its timely response during disasters and emergencies, which reinforced the partnership's humanitarian and strategic significance.
Developmental projects featured prominently in the discussions, with President Muizzu highlighting the India-assisted Malé-Thilafushi bridge as a cornerstone of cooperative infrastructure and a forthcoming symbol of shared progress. Other initiatives noted included the construction of 3,300 housing units, extensive roadworks in Addu City, and the provision of 72 heavy vehicles to the Maldives National Defence Force (MNDF).
Attention turned to future economic engagement, with President Muizzu expressing intent to pursue a free trade agreement with India, characterising the proposed accord as a meaningful step toward deeper regional integration. Concluding remarks from the president framed Prime Minister Modi's visit as both a reaffirmation of shared priorities and the foundation for a forward-looking strategic agenda.