News India & Maldives to start regular cargo ferry service to boost trade...

India & Maldives to start regular cargo ferry service to boost trade & commerce

India-Maldives Cargo Service
Credit:- Twitter

In a meeting between External Affairs Minister Dr. S. Jaishankar and Maldives Foreign Minister Abdulla Shahid, both the countries agree to start of a regular cargo service between both the countries.

The cargo ferry service will run in between Cochin-Kulhudhuffushi-Male. This will help in development to the north of the Maldives.

India announces $400 million Line of Credit to fund the Maldives’ Great Male Connectivity Project.

Also Read:- India & UK affirmed their commitment to Free Trade Agreement in 14th JETCO meeting

After the meeting EAM S. Jaishankar said, “Warm and fruitful discussion with FM Abdulla Shahid of Maldives. Agreed that the COVID19 pandemic has brought the two nations even closer. We will be reliable partners in meeting both aspirations and challenges,”

“India will fund the implementation of Greater Male Connectivity Project through a $400 mn LOC & $100 mn grant. This 6.7 km bridge project connecting Male with Gulhifalhu Port & Thilafushi industrial zone will help revitalise and transform Maldivian economy.” He added.

Talking about the cargo service EAM said, “Happy to announce the start of regular cargo ferry service between India & Maldives to boost trade & commerce.”

Both the countries also starting an air travel bubble with Maldives to sustain & promote the dynamic people-to-people ties between the two countries.

India is the third biggest import partner of Maldives. Maldives export 15% of their total import from India. These projects in between both the countries will help to improve trade.

Aditya Raj
Writer & Co-founder of InfotOnline.

More articles


Please enter your comment!
Please enter your name here

Must Read

Match 6, KXIP vs RCB : Kl Rahul and Co. demolish RCB by huge 97 runs

Kings XI tarnished RCB at Dubai international stadium by 97 runs to secure their first win. KL Rahul 132 not out helped Punjab put...

Into The Wild with Bear Grylls and Akshay Kumar sets new records

When the best of two fields collaborate, the outcome is certainly something impeccable. This has been again witnessed. Discovery's Into The Wild episode with...

YouTube Fanfest 2020 Dates & Line up out now

The much awaited news from the Indian YouTube community is finally here. YouTube Fanfest 2020 is happening on October 11 this year. YouTube India...

HAL can develop civilian version of LUH (Light Utility Helicopter) within four to five years: Arup Chatterjee

HAL can develop its Light Utility Helicopter (LUH) for civilian use within the time span of four to five years said Arup Chatterjee Director,...