India Gives $565 Million Credit Line to Maldives as Ties Reset

India has extended a $565 million credit line to the Maldives, marking a significant development in the two countries' bilateral relations. This move comes during Prime Minister Narendra Modi's visit to the island nation, indicating a reset in the diplomatic ties between the two South Asian neighbors. The credit line is intended to support the Maldives' socio-economic development and infrastructure projects, further strengthening the economic and strategic partnership between India and the Maldives. This gesture underscores India's commitment to supporting its neighbor and close ally in the region. The renewed cooperation between the two countries is seen as a diplomatic victory for India, as it aims to counter the growing influence of China in the Maldives. The credit line is expected to contribute to the Maldives' economic stability and development, while also reinforcing India's position as a regional power and a reliable partner in the Indian Ocean region.