Prime Minister Narendra Modi on Thursday met with Maldives President Mohamed Muizzu at the President's Office in Male to hold bilateral talks and deepen cooperation between the two countries.

Ahead of the meeting, the Prime Minister was received by President Muizzu and accorded a ceremonial welcome at Republic Square.

The meeting was marked by warmth and a reaffirmation of the deep-rooted friendship between the two nations.

The Prime Minister expressed heartfelt appreciation for the gracious hospitality extended to him and his delegation and conveyed his best wishes on the historic occasion of the 60th anniversary of the independence of Maldives as also on the special occasion of the 60th anniversary of establishment of diplomatic relations between the two nations.

The two leaders reflected on the deep bonds of friendship and trust that have been built over centuries, strengthened by strong people-to-people ties.

Both leaders also took stock of the progress in the implementation of the India-Maldives Joint Vision for a ‘Comprehensive Economic and Maritime Security Partnership’, adopted during the State Visit of the President of Maldives to India in October 2024.

Prime Minister reiterated India’s commitment to further deepen ties with Maldives in keeping with its "Neighbourhood First’ and Vision MAHASAGAR policies. President Muizzu appreciated India’s commitment to being the First Responder for the Maldives when it came to dealing with any crises.

The two leaders discussed cooperation in the fields of development partnership, infrastructure support, capacity building, climate action, and health.

They also called for further strengthening defence and maritime security cooperation and, in this regard, noted the collaboration between the two countries under the Colombo Security Conclave.

The two leaders also reviewed the economic partnership between the two countries. PM Modi underscored that the proposed Free Trade Agreement and the Bilateral Investment Treaty would open new opportunities for both sides.

Noting that the two countries must take advantage of the digital economy, especially to promote tourism, he welcomed the recent understandings on UPI adoption, acceptance of RUPAY card, and trade in local currencies. The two leaders highlighted that the close development partnership between the countries was adding new value to the already strong people-to-people ties.

The two leaders noted that, as Global South partners, they would continue to work on issues such as climate change, promotion of renewable energy, disaster risk reduction and weather science in the interests of the planet and its people.

The Prime Minister thanked President Muizzu for his strong condemnation of the Pahalgam terror attack, and the solidarity extended to India in the fight against terrorism.

The two leaders witnessed the exchange of 6 MOUs in the fields of fisheries and aquaculture, meteorology, digital public infrastructure, UPI, Indian pharmacopoeia, and concessional Line of Credit.

The new Line of Credit offers Rupees 4850 crores [approx USD 550 million] in support of infrastructure development and other activities in the Maldives.

An Amendatory Agreement for the existing LoCs was also exchanged. It reduces Maldives’ annual debt repayment obligations by 40% [from USD 51 million to 29 million]. Both sides also exchanged the Terms of Reference of the proposed Free Trade Agreement.

The two leaders also virtually inaugurated a roads and drainage system project in Addu city and 6 High Impact Community Development Projects in other cities. The Prime Minister handed over 3,300 social housing units and 72 vehicles for the Maldives National Defence Force and Immigration authorities.

He also handed over two units of Aarogya Maitri Health Cube sets to the Government of Maldives. With state-of-the-art medical equipment as part of the cube, it can provide medical aid to 200 casualties with in-built support to sustain a crew of six medical personnel for up to 72 hours.