Maldives President Mohamed Muizzu and Indian Prime Minister Narendra Modi held talks on Monday, with New Delhi promising to strengthen strategic cooperation as the island nation recovers from an economic crisis. India approved a $400 million and a 30 billion rupee ($357.35 million) currency swap agreement, Modi said, adding that India was willing to provide extensive help to the Maldives to develop infrastructure. India and the Maldives will start talks on a free trade agreement, Modi and Muizzu said. "We will work together for stability and progress in the Indian Ocean region," Modi said after the bilateral talks concluded. "India is a key partner in the socio-economic and infrastructure development of the Maldives and has stood by the Maldives during our times of need," Muizzu said.

Source: bd News24 October 07, 2024 17:36 UTC