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DAILY NEWS ANALYSIS

  • 22 August, 2020

  • 5 Min Read

India’s Male Package

India’s Male Package

Greater Male Connectivity Project (GMCP)

  • A financial package consisting of a grant of 100 million USD and a new line of credit of 400 million USD.
  • This will be the largest civilian infrastructure project in the Maldives, connecting Malé (the capital) with three neighbouring islands — Villingili, Gulhifalhu (where a port is being built under an Indian line of credit) and Thilafushi (a new industrial zone) – by the construction of a bridge-and-causeway link.
  • This will boost economic activity, generate employment and promote holistic urban development in the Malé region.

Direct Cargo Ferry Service

  • It will be run between India and Maldives.
  • The service is expected to enhance sea connectivity and provide predictability in supplies for importers in Maldives and exporters in India.

Air Travel Bubble Between India and Maldives

  • This will facilitate the movement of people for employment, tourism and medical emergencies.
  • The Maldives is the first neighbouring country of India with which an air bubble is being operationalised.

Quotas for Supply of Essential Commodities

  • This was renewed for 2020-21. The commodities include food items as well as river sand and stone aggregates to assure food security, and supply of essential construction items.

Financial Aid

  • In addition, financial aid of 250 million USD will be provided to Maldives by India.

Source: TH


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