The new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: ShutterstockThe new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: Shutterstock
The new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: Shutterstock

India offers Maldives half a billion reasons to distance itself from China

  • The US$500 million pledge is part of New Delhi’s push to regain influence in the archipelago nation of 340,000 people
  • The Maldives borrowed billions of dollars from Beijing and hired Chinese firms for infrastructure projects under its previous president

Topic |   India
The new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: ShutterstockThe new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: Shutterstock
The new investment announcement takes the total financial outlay pledged by India to the Maldives to more than US$2 billion. Photo: Shutterstock
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