In a major boost to bilateral ties, India and the Maldives signed a series of landmark agreements during Prime Minister Narendra Modi’s state visit to Male, held at the invitation of President Mohamed Muizzu. The visit coincided with the 60th anniversary of the Maldives’ independence and six decades of diplomatic relations between the two nations.
According to the Ministry of External Affairs (MEA), both countries signed multiple Memorandums of Understanding (MoUs) across sectors such as infrastructure, fisheries, defence, trade, digital governance, and meteorology. A significant outcome was the finalisation of the Terms of Reference for a proposed India-Maldives Free Trade Agreement (FTA), alongside the announcement of a ₹4,850 crore Line of Credit to support Maldivian infrastructure development.
Prime Minister Modi, calling the partnership “strong, deep-rooted, and extensive,” affirmed India’s role as a steadfast development partner of the Maldives. He took to social media to express his commitment to deepening bilateral cooperation.
Key agreements included the recognition of Indian Pharmacopoeia by Maldives, an MoU on fisheries and aquaculture, collaboration on meteorological research, and a digital partnership aimed at scaling e-governance. India’s NPCI International and the Maldives Monetary Authority also signed a network agreement to enable Unified Payments Interface (UPI) services in the Maldives.
The leaders jointly released commemorative stamps showcasing traditional Maldivian boats, symbolising the enduring maritime bond and cultural heritage shared between the two nations.
India also handed over 3,300 social housing units in Hulhumale, completed roads in Addu City, and launched six community development projects. Other handovers included 72 utility vehicles, two BHISHM Health Cube kits, and the inauguration of the new Maldivian Ministry of Defence building in Male.
In a joint statement, PM Modi reiterated India’s commitment to being “the Maldives’ closest neighbour and most trusted friend.” He highlighted the transformational potential of projects like the Greater Male Connectivity Project and the redevelopment of Hanimaadhoo Airport.
A $565 million Line of Credit was also announced for upcoming development aligned with Maldivian public priorities. Both sides pledged to expedite a Bilateral Investment Treaty, explore a rupee-based trade mechanism, and promote local currency settlements to enhance tourism and commerce.
The two leaders also underscored the importance of defence cooperation and regional maritime security. The newly built Ministry of Defence headquarters was hailed as a symbol of mutual trust. Modi reaffirmed collaboration through forums like the Colombo Security Conclave.
On climate action, both nations agreed to accelerate renewable energy projects and scientific collaboration in weather forecasting, reaffirming their shared commitment to environmental sustainability.
Concluding his visit, Prime Minister Modi thanked President Muizzu and the people of Maldives for the warm welcome and affirmed India’s enduring support for the island nation’s growth, security, and prosperity.
