India announces 100 million Maldivian Rufiyaa for community development projects in Maldives
External Affairs Minister Dr S Jaishankar arrived in Maldives on 18 January as part of his three-day visit to Maldives and Sri Lanka.
An overview of the news
To strengthen bilateral ties, India and Maldives signed an MoU on development projects and held talks with top leadership in the country.
The agreement included grant assistance of 100 million rufiyaa (Maldives' currency) for the High Impact Community Development Project (HICDP).
Under this funding, several socio-economic development projects are planned to be implemented in Maldives.
It also includes the development of a sports complex at Gahadhoo and academic collaboration between the Maldives National University and the Cochin University of Science and Technology.
India has handed over two sea ambulances to help the Maldives National Defence Force (MNDF).
It is also called Maldives Islands, an independent island country in the north-central Indian Ocean.
It extends more than 510 miles (820 km) from north to south and 80 miles (130 km) from east to west.
Basis of economy -fisheries, tourism
Industries - handicraft or cottage including the making of coir (coconut-husk fibre) and coir products, fish canning, and boatbuilding.
President -Ibrahim Mohamed Solih
Official Language - Dhivehi (Maldivian)
Official Religion - Islam
Currency - Rufiyaa
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