India's Minister of External Affairs Dr. S. Jaishankar has affirmed that the developmental projects of the Maldives carried out with the assistance of India have been progressing considerably. The remarks were made by the minister during the Confederation of Indian Industry (CIIs) Annual Business Summit.
Speaking at the summit, Minister Jaishankar stated that some developmental projects were slightly politically influenced, hindering the progress. However, he assured that the progress of the projects have propelled at a notable rate.
Following the Minister of Foreign Affairs Moosa Zameer's official visit to India at the invitation of Minister Jaishankar, discussions were held highlighting the spectrum of initiatives across the nation has been kickstarted through loans and grants from the Government of India during the previous administration. He emphasised the current government's commitment to prioritising the resumption and completion of these projects.
Meanwhile, the Government of India has reaffirmed its commitment to the development and prosperity of the Maldives by extending a budgetary support of USD 50 million to be repaid within a term of one year.