PM Modi in Maldives highlights: India announces ₹4,850 crore Line of Credit to Maldives

MALE (MALDIVES) : India and Maldives on Friday (July 25, 2025) announced the initiation of negotiations for the launch of a Free Trade Agreement (IMFTA). Maldivian President Mohamed Muizzu, on Friday (July 25, 2025), announced the beginning of negotiations for a Free Trade Agreement between the two countries during a joint press conference in Male with Prime Minister Shri Narendra Modi.

Prime Minister Shri Narendra Modi on Friday (July 25, 2025) held wide-ranging talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure, marking a major turnaround in the ties after a spell of unease.

India extended the Line of Credit (LoC) of ₹4,850 crores to Maldives. India reduced annual debt repayment obligations of Maldives on Gol-funded LoCs.