The High Commission of India in the Maldives and the Confederation of Indian Industry (CII) recently organised an Industry Meet aimed at promoting investment opportunities in the Maldives. The event highlighted potential investments in tourism, agriculture, and fisheries, aligning with the Vision Document for Comprehensive Economic and Maritime Partnership.
More than 50 companies participated in the session, which focused on strengthening economic ties between the two nations. The initiative comes as part of broader efforts to deepen cooperation following discussions between Indian Prime Minister Narendra Modi and Maldivian President Dr Mohamed Muizzu in October 2024.
During their meeting, both leaders agreed to enhance bilateral ties with a focus on economic collaboration, infrastructure development, and digital transformation. The Industry Meet reflects these shared objectives, providing a platform for businesses to explore investment opportunities in key sectors.
The collaboration also aligns with India’s ‘Neighbourhood First’ policy and Vision SAGAR, which prioritises cooperation with Maldives to support its development needs. President Muizzu had previously expressed gratitude to India for its financial assistance, including USD 400 million and INR 30 billion through a bilateral currency swap agreement, which played a crucial role in stabilising the Maldivian economy.
The recent Industry Meet signals ongoing efforts to implement the Vision Document’s strategic goals, with a focus on creating new economic opportunities and enhancing trade partnerships between the two countries.
