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Cabinet approves MoU between India and Maldives for Shipping

Cabinet approves MoU between India and Maldives for Shipping
Cabinet approves MoU between India and Maldives for Shipping

Cabinet approves MoU between India and Maldives for Shipping

The Union Cabinet has given ex-post facto approval for the MoU between India and Maldives for the establishment of passenger and cargo services by sea, which was signed on June 8, 2019 during the visit of Prime Minister of India to Maldives.

MoU to paveway for ferry services between Maldives & Kerala Connecting Kochi with Male & Kulhudhuffushi in Maldives by Sea route.

India has provided US $100 million Stand-by Credit facility (SCF) to Maldives, including long-term loans and revolving credit for trade.

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