India will extend an additional $100 million line of credit to the Maldives, Prime Minister Narendra Modi said on Tuesday, after a meeting with the island nation's President Ibrahim Mohamed Solih in New Delhi, reports Reuters.
"We have decided to extend an additional line of credit worth $100 million dollars so that all projects may be completed on time," Modi said at a joint press meet in the Indian capital.
Earlier, President Solih arrived in Delhi on Monday on a four-day visit to India, reports UNB.
"A warm welcome to a close friend and maritime neighbour! President Ibrahim Mohamed Solih of Maldives arrives in New Delhi for an official visit," Indian External Affairs Ministry tweeted after his arrival.
"An opportunity to nurture the unwavering friendship between our two countries and lend further momentum to the multifaceted partnership,” the ministry wrote.
On Monday, President Solih held a meeting with Indian External Affairs Minister S Jaishankar, who later said that "India's 'Neighbourhood First' policy and the Maldives' 'India First' policy are complementary".
President Solih's visit comes barely a week after India gave its nod to a pact for judicial cooperation between the two countries. The Maldives is one of India's key maritime neighbours.
