{"id":66420,"date":"2025-07-25T22:30:15","date_gmt":"2025-07-25T17:30:15","guid":{"rendered":"https:\/\/raajje24.com\/en\/?p=66420"},"modified":"2025-07-26T03:26:19","modified_gmt":"2025-07-25T22:26:19","slug":"maldives-and-india-launch-fta-talks-india-extends-mvr-8-63-billion-credit-line","status":"publish","type":"post","link":"https:\/\/raajje24.com\/en\/66420\/","title":{"rendered":"Maldives and India Launch FTA Talks; India Extends MVR 8.63 Billion (INR \u20b94,850 Cr) Credit Line"},"content":{"rendered":"<p data-start=\"309\" data-end=\"344\"><strong>Mal\u00e9 | July 25, 2025 \u2013 Raajje24<\/strong><\/p>\n<p data-start=\"346\" data-end=\"580\">In a major development in bilateral ties, President Dr Mohamed Muizzu and Indian Prime Minister Narendra Modi on Friday jointly announced the formal launch of negotiations for a Maldives\u2013India Free Trade Agreement (IMFTA).<\/p>\n<p data-start=\"346\" data-end=\"580\">The announcement was made following high-level bilateral talks held as part of Prime Minister Modi\u2019s official visit to the Maldives.<\/p>\n<p data-start=\"346\" data-end=\"580\">Details were later shared during a press conference held at Hotel Jen in Mal\u00e9, conducted by senior Indian government officials.<\/p>\n<p data-start=\"346\" data-end=\"580\">As part of the outcomes from the bilateral talks, India has extended a new Line of Credit (LoC) worth MVR 8,637,196,410 (approximately INR \u20b94,850 crore) to the Maldives. The credit line is intended to support infrastructure and development projects across the country.<\/p>\n<p data-start=\"346\" data-end=\"580\">According to a press statement issued by the Government of India at Hotel Jen, India has also reduced Maldives\u2019 annual debt repayment obligations on previously issued Indian-funded credit lines, easing the country\u2019s fiscal burden.<\/p>\n<p data-start=\"346\" data-end=\"580\">Speaking on the announcement, President Dr Muizzu expressed appreciation for India\u2019s financial support and emphasised the significance of the Free Trade Agreement in enhancing economic growth, trade liberalisation, and job creation in the Maldives.<\/p>\n<p data-start=\"346\" data-end=\"580\">Prime Minister Modi reiterated India\u2019s commitment to deepening economic ties with the Maldives, calling the FTA a milestone that will unlock greater trade opportunities and boost private sector collaboration between the two nations.<\/p>\n<p data-start=\"346\" data-end=\"580\">The launch of FTA negotiations and financial cooperation signals a renewed phase in Maldives\u2013India relations, grounded in mutual respect and regional economic progress.<\/p>\n<p data-start=\"346\" data-end=\"580\">\n","protected":false},"excerpt":{"rendered":"<p>Mal\u00e9 | July 25, 2025 \u2013 Raajje24 In a major development in bilateral ties, President Dr Mohamed Muizzu and Indian Prime Minister Narendra Modi on Friday jointly announced the formal launch of negotiations for a Maldives\u2013India Free Trade Agreement (IMFTA). The announcement was made following high-level bilateral talks held as part of Prime Minister Modi\u2019s [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":66423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/posts\/66420"}],"collection":[{"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/comments?post=66420"}],"version-history":[{"count":4,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/posts\/66420\/revisions"}],"predecessor-version":[{"id":66462,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/posts\/66420\/revisions\/66462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/media\/66423"}],"wp:attachment":[{"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/media?parent=66420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/categories?post=66420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/raajje24.com\/en\/wp-json\/wp\/v2\/tags?post=66420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}