Emergence of a New Indo-Maldives Strategic Dynamic

International Desk

15 Oct 2024, 18:33

Photo: Collected

India and the Maldives have recently redefined their bilateral relationship, transforming it into a Comprehensive Economic and Maritime Security Partnership during a meeting between Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu on October 7, 2024. This partnership covers various areas, including economic cooperation, maritime security, development initiatives, and political engagement, signaling a positive shift after periods of tension.

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Reset in Relations
President Muizzu’s initial “India Out” campaign, which sought the withdrawal of Indian military personnel and stirred anti-India sentiments, had strained relations. However, his recent visit to India from October 6–10, 2024, marked a diplomatic reset. Recognizing the need for cooperation amid an economic crisis, Muizzu sought India’s support, acknowledging India as the Maldives’ "closest friendly country and neighbor."

Several agreements were signed during his visit, including currency swaps and development projects, further solidifying the new strategic partnership. Modi’s warm reception and Muizzu’s willingness to collaborate demonstrate a pragmatic shift in the Maldives' foreign policy.

Comprehensive Economic and Maritime Security Partnership
This new partnership aims to foster cooperation in maritime security, economic development, infrastructure, and political engagement. The Maldives' strategic location in the Indian Ocean makes maritime security a key focus. Joint efforts will ensure the safety of vital trade routes, contributing to regional stability.

India remains a significant development partner, offering support in health, education, infrastructure, and disaster management. The partnership also emphasizes boosting bilateral trade and investment through collaborations in tourism, fisheries, and transportation infrastructure.

Strengthening Development and Defence Cooperation
India has committed to several major development projects, including the Greater Male Connectivity Project and building bridges, airports, and social housing units. During Muizzu’s visit, the inauguration of the Hanimaadhoo International Airport runway and the handover of 700 social housing units were celebrated. Additionally, India provided financial assistance through a $400 million currency swap agreement and $100 million treasury bills rollover, supporting the Maldives' economic stability.

On the defense front, India agreed to refit the Maldivian Coast Guard Ship Huravee free of charge, enhancing maritime cooperation. These efforts align with India’s strategy to strengthen regional security partnerships.

Focus on Governance, Education, and Digital Services
India and the Maldives aim to improve governance through digital cooperation, modernizing financial systems, and enhancing public services. India has also supported education by offering scholarships and training programs. In addition, the two countries engage in joint marine scientific research, focusing on conservation and sustainable use of marine resources.

Key Agreements and Their Impact
The two leaders signed five significant agreements, including those related to judicial training, corruption prevention, law enforcement, and youth affairs. These agreements reflect both countries' commitment to enhancing governance and mutual cooperation. The launch of the RuPay card in the Maldives will further facilitate seamless financial transactions between the two nations.

Regional Implications and Future Prospects
The strengthened India-Maldives relationship is expected to have broader regional impacts. Enhanced maritime security cooperation will benefit the Indian Ocean region by ensuring stability along critical trade routes. This dynamic partnership may also influence the strategies of external powers like China and the U.S., compelling them to recalibrate their regional engagements.

The focus on economic growth and development projects could open new opportunities for trade and investment across South Asia, potentially encouraging neighboring countries to pursue similar partnerships for their own economic benefit.

President Muizzu has invited Modi to visit the Maldives in 2025 to commemorate the 60th anniversary of diplomatic relations, signaling a future of deeper cooperation. As both countries continue to engage through high-level exchanges, the Indo-Maldives strategic partnership is poised to strengthen further, fostering stability, growth, and mutual prosperity in the region.

This evolving partnership not only cements India’s influence in the Indian Ocean but also demonstrates the Maldives’ commitment to regional collaboration, setting the stage for long-term bilateral success.
(Source: Times of Oman)

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