India announces $687 mln for Maldives project to counter China influence

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NEW DELHI (REUTERS) - India announced a US$500 million (S$687 million) package to fund a project in the Maldives on Thursday (Aug 13) to help it connect the capital Male to three nearby islands, stepping up New Delhi's diplomatic efforts in a region China has also been focusing on recently.. Read more at straitstimes.com.

NEW DELHI - India announced a US$500 million package to fund a project in the Maldives on Thursday to help it connect the capital Male to three nearby islands, stepping up New Delhi's diplomatic efforts in a region China has also been focusing on recently.

On Thursday, India's Foreign Minister Subrahmanyam Jaishankar told his Maldivian counterpart Abdulla Shahid that New Delhi will support the Male connectivity project with a grant of US$100 million and a new line of credit of US$400 million, the Indian foreign ministry said. "EAM and Foreign Minister Shahid emphasised that greater connectivity results in prosperity," it said.

 

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