Table of Contents
MEASURES FROM INDIA TO HELP MALDIVES
- Establishment of air bubble
AIR BUBBLE
- “The air bubble symbolises India’s support to shore up tourism arrivals and revenues in the Maldives. Health protocols in both countries will be strictly followed. The first flight under the Air Bubble is expected to commence on August 18,” the MEA said.
MEASURES FROM INDIA TO HELP MALDIVES
EXAMPLE OF FERRY SERVICE
- A ferry is a merchant vessel used to carry passengers, and sometimes vehicles and cargo, across a body of water
A SUBMARINE CABLE FOR TELECOM CONNECTIVITY
- There are also discussions happening regarding a submarine cable between India and Maldives to boost telecom connectivity
THE GREATER MALE CONNECTIVITY PROJECT (GMCP)
POINT TO NOTE
- Line of Credit -The Line of Credit is not a grant but a ‘soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.
- The LOCs also helps to promote exports of Indian goods and services, as 75% of the value of the contract must be sourced from India.
POINT TO NOTE
- Grant -a sum of money given by a government or other organization for a particular purpose.
GREATER MALE CONNECTIVITY PROJECT (GMCP)
- GMCP was a key election promise of the ruling MDP for which the President of MaldivesIbrahim Mohamed Solihsought India’s assistance during his meeting with Jaishankar in September last year
MALDIVES FACTS
- Maldives Population -5.16 lakhs
- Economy size -$5.786 billion (nominal, 2019 est.)
- GDP by sectoragriculture (4%), industry (23%), services (73%) (2012 est.)
BEFORE THIS INDIA HELPED MALDIVES WITH DEBT PROBLEM AS WELL
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