India-Maldives Ties Strengthened: RuPay Card Launch and Airport Upgrade

The recent inauguration of a new runway at Hanimadhoo International Airport and the launch of the RuPay card in the Maldives signify a pivotal moment in the evolving relationship between India and the Maldives. Conducted through a virtual ceremony, Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu marked these developments as essential steps to enhance economic ties and boost tourism cooperation.

The discussions preceding the launch focused on charting a new path for future collaboration, reinforcing the longstanding bonds built on trade and cultural exchanges.

Key Developments

RuPay Card Launch: The introduction of the RuPay card aims to facilitate cashless transactions for Indian tourists, enhancing convenience and reducing costs in the Maldives’ tourism sector. This initiative is expected to strengthen economic cooperation between the two nations.

Airport Expansion: The new runway at Hanimadhoo International Airport is part of a broader airport redevelopment project funded by an Indian Line of Credit of USD 132 million. This project includes modern infrastructure upgrades, such as a new Air Traffic Control (ATC) tower, a hangar, cargo facilities, and a passenger terminal building.

Historical Context: The ties between India and the Maldives have historically been characterized by mutual respect and unwavering support, exemplified by India’s role as a first responder during crises in the Maldives. This relationship, underpinned by India’s Neighbourhood First policy and SAGAR vision, continues to evolve.

Future Prospects

The initiatives unveiled during President Muizzu’s first bilateral visit to India signal a commitment to achieving greater heights in bilateral relations. The collaboration aims not only to bolster tourism and economic ties but also to reinforce the deep-rooted historical connections that both nations share.