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.

India-Maldives Cooperation Highlights

Key Points	Details
Why in News	India and Maldives inaugurated a new runway at Hanimadhoo International Airport and launched the RuPay card to strengthen economic and tourism ties.
RuPay Card Launch	Aimed at enhancing cashless transactions for Indian tourists in the Maldives, promoting tourism and reducing costs.
Airport Expansion	New runway at Hanimadhoo International Airport is part of a $132 million redevelopment project funded by an Indian Line of Credit. Includes ATC tower, hangar, cargo, and terminal upgrades.
India-Maldives Relations	Characterized by mutual support, including India’s assistance as a first responder in crises, aligned with India’s Neighbourhood First and SAGAR vision.
Future Prospects	Focus on deepening tourism and economic cooperation while honoring historical ties and cultural exchanges.