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The Independent UK
The Independent UK
National
Krishan Francis

India's Modi announces credit worth $565 million to the Maldives and launches free trade talks

India Maldives - (ASSOCIATED PRESS)

Indian Prime Minister Narendra Modi on Friday announced a $565-million line of credit to the Maldives during a visit to the Indian Ocean archipelago, as the two countries launched formal talks for a free-trade agreement.

Modi is visiting the Maldives, known for its upmarket tourist resorts, to mark the 60th anniversary of its independence and diplomatic relations between the two countries. The announcement came during Modi's joint media statement with Maldives' President Mohamed Muizzu.

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