India announces $500 million connectivity project, cargo service to boost trade ties with Maldives
Aug 13, 2020
New Delhi [India], August 13 : India on Thursday announced that it will fund the implementation of the Greater Male Connectivity Project (GMCP) to revitalise the Maldivian economy through a $400 million Line of Credit (LOC) and $100 million grant linking its capital Male with Gulhifalhu Port and Thilafushi industrial zone along with a regular cargo ferry service between the two countries to boost trade and commerce.