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INDIA ANNOUNCES $500 MN PACKAGE FOR THE MALDIVES

INDIA ANNOUNCES $500 MN PACKAGE FOR THE MALDIVES

Context

India will be supporting the Greater Male Connectivity project (GMCP in the Maldives).

Details

  • India has announced a financial package of USD 400 million and a grant of USD 100 million.
  • It is an India’s effort to help Maldives deal with the economic impact of the COVID-19 pandemic.
  • Various initiatives were announced such as an air connectivity bubble for travel, a direct ferry service, a submarine cable for telecom connectivity and assistance for GMCP.
  • It would be the largest civilian infrastructure project in the Maldives.
  • It will consist of a number of bridges and causeways which will connect Male to Villingili, Thilafushi and Gulhifahu islands.

About Maldives

  • It is a small island nation in South Asia.
  • It  is situated in the Arabian Sea of the Indian Ocean.
  • It lies southwest of Sri Lanka and India.

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