More than a year after the Maldives threw a tantrum, opposing India and its government, both governments have come together again, for all the right reasons. To strengthen their bilateral economic ties, India and the Maldives decided to form a joint business council. The decision was made during the inaugural session of the first Maldives-India Business Engagement Series, hosted in the Maldives.
The initiative aims to bolster trade ties between the two countries and nurture a partnership that benefits both. The talk was attended by officials from both countries, along with representatives from the private sector. All engaged in talks lasting hours, talking about advancing a result-driven and dynamic economic partnership.
The session concluded with the formation of the said council, formalising 60 years of economic and diplomatic ties between the countries. With this new platform, it would be easy for private-sector collaborators to engage in dialogue, obtain the necessary support and compliance to expand their business activities.
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This, however, is important from a defence perspective as well. China’s growing dominance in Southeast Asia and other major Asian economies has posed a defence threat to India. Countries in the region are heavily indebted to China, with no way out. And China secures this debt by securing ports and bases to station its security vessels and personnel.
