Muizzu's state visit: India and Maldives adopt Comprehensive Economic and Maritime Security Partnership vision
On 7 October 2024, in India, PM Narendra Modi and Maldives President Mohamed Muizzu adopted a vision for a Comprehensive Economic and Maritime Security Partnership and launched RuPay card in Maldives during Muizzu's 6-10 October state visit.
Summary
On 7 October 2024, in India, Prime Minister Narendra Modi and President of Maldives Dr Mohamed Muizzu, on a state visit to India from 6 to 10 October 2024, reviewed bilateral ties and adopted 'India-Maldives: A Vision for Comprehensive Economic and Maritime Security Partnership'. President Muizzu appreciated India's support of USD 400 million and INR 30 billion as a bilateral currency swap agreement. Outcomes included the launch of RuPay card in Maldives, inauguration of the new runway of Hanimaadhoo International Airport, handing over of 700 social housing units built under EXIM Bank's Buyers' Credit Facilities, and refit of Maldivian Coast Guard Ship Huravee by India on gratis basis. The two sides decided to initiate discussions on a bilateral Free Trade Agreement and to collaborate on a commercial port at Thilafushi island.
Key facts
- Date
- 7 Oct 2024 (state visit 6-10 Oct)
- Leaders
- PM Modi, President Mohamed Muizzu
- Vision
- Comprehensive Economic and Maritime Security Partnership
- Currency swap
- USD 400 million and INR 30 billion
- Launched
- RuPay card in Maldives
- Inaugurated
- New runway, Hanimaadhoo International Airport
- Housing
- 700 social housing units (EXIM Bank Buyers' Credit)
- Refit
- MCGS Huravee, gratis
Practice MCQs 5 questions
What support did India extend to Maldives as a bilateral currency swap agreement, as noted during President Muizzu's state visit in October 2024?
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Correct answer: C â USD 400 million and INR 30 billion
India-Maldives Vision document (PIB, 7 Oct 2024): President Muizzu appreciated India's support in the form of USD 400 million and INR 30 billion as a bilateral currency swap agreement.
Which Indian payment card was launched in Maldives on 7 October 2024?
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Correct answer: B â RuPay
List of Outcomes (PIB, 7 Oct 2024): Launch of RuPay Card in Maldives.
The new runway of which Maldivian airport was inaugurated as an outcome of President Muizzu's October 2024 state visit to India?
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Correct answer: D â Hanimaadhoo International Airport
List of Outcomes (PIB, 7 Oct 2024): Inauguration of the new runway of Hanimaadhoo International Airport (HIA).
Which Maldivian Coast Guard Ship is to be refitted by India on gratis basis, as listed in the outcomes of the October 2024 state visit?
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Correct answer: A â Huravee
List of Outcomes (PIB, 7 Oct 2024): Refit of Maldivian Coast Guard Ship Huravee by the Government of India on gratis basis.
Consider the following about the India-Maldives outcomes of 7 October 2024: 1. The two sides agreed to collaborate in developing a commercial port at Thilafushi island. 2. The 700 social housing units handed over were built under World Bank financing. Which of the statements given above is/are correct?
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Correct answer: A â 1 only
Statement 1 is correct: the Vision document says the two sides will collaborate in developing a state-of-the-art commercial port at Thilafushi island. Statement 2 is incorrect: the 700 social housing units were built under EXIM Bank's Buyers' Credit Facilities.