Indian Prime Minister Narendra Modi has announced a $565-million line of credit to the Maldives during his visit to the Indian Ocean archipelago.

India has decided to extend a $565 million line of credit to the Maldives, Prime Minister Narendra Modi said on Friday after bilateral meetings between the two countries.

India is proud to be the most trusted friend of the Maldives, Prime Minister Narendra Modi said on Friday after announcing a Rs 4,850 crore line of credit to the island nation.

News18, Doraiswami said initially Starmer was to visit India in the third week of July, however, the plan changed after the 51st G7 Summit at Kananaskis, Canada

Narendra Modi visited the UK and met with Keir Starmer. The Prime Minister shared a picture of them enjoying tea. Akhil Patel, the Indian-origin founder of Amala Chai, served them. Patel expressed his surprise and gratitude on LinkedIn.

Prime Minister Modi's recent visit to the Maldives signifies a major upswing in bilateral relations. A substantial Rs 4,850 crore credit line was announced, alongside ongoing negotiations for a Free Trade Agreement (FTA) and a Bilateral Investment Treaty.

Nearly 2 years after Muizzu’s “India Out” campaign, PM Modi will be the first foreign leader hosted by the Maldivian president this week

India is also in discussions with Maldives for an FTA as well as an investment treaty, Foreign Secretary Vikram Misri said Tuesday, briefing reporters on the PM’s two-nation visit.