Exim Bank, owned by the Government of India to facilitate foreign trade had pledged $ 800 million to Maldives for developmental projects in March 2019. In September, the Narendra Modi-led government had extended another $250 million loan to the island nation to attenuate the impact of COVID-19.
India will build a 22,000 seater cricket stadium and 100-bedded cancer hospital in Hulhumale in accordance with the fund pledged to the country in 2019. To discuss these projects, Sanjay Sudhir (High Commissioner of India to Maldives) met Mohamed Jaish Ibrahim (Chariman of Maldives’ Housing Development Corporation Ltd) on Tuesday.
The Indian Embassy briefed the masses in the wake of these recent developments too. “A 100-bed state-of-the-art Cancer Hospital will be set up in Hulhumale under the USD 800 million Line of Credit extended to the Maldives. This project will build on the already close bilateral cooperation in the health sector and include a robust component of human resource dvpt,” it tweeted.
The embassy further mentioned, “Honoured to partner with Housing Development Corporation Ltd. Dvpt. of Central Park and renovation of the Arrival Jetty in Hulhumale are grant projects close to our heart. While the Park is the perfect place for leisure and fitness activities, the Jetty will benefit visitors and residents alike.”
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.