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Indian tourists increase money registers in Maldives

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NEW DELHI: Even as Foreign Minister (EAM) Minister S. Jaishankar kicked off his two-day official visit to the Maldives on Saturday, Indian tourists are setting up money registers falling into the tourism-dependent economy of India’s small southwestern maritime neighbor.

According to 2021 statistics so far, a whopping 30,000 Indians have visited the Maldives by mid-February out of a total of 1,38,000 foreign tourists this year, the highest number of any foreign nation visiting the Maldives. Even with the pandemic, a total of 62,905 Indians, the largest number of tourists, visited the Maldives in 2020.

This became possible due to the creation of an ‘Air Travel Bubble’ to facilitate the movement of people from both sides for employment, tourism, medical emergencies etc.

The Maldives was the first neighboring country with which an air bubble was used and this increased their tourist influx. India had also taken a number of economic and financial initiatives at the height of the pandemic to revive the Maldivian economy and provide the necessary budget cushion for its declining revenues, mainly driven by tourism.

These included the extension of a soft loan of US $ 250 million for Maldives budget support for the implementation of the Great Men Connection Project, which is the largest civilian infrastructure project in the Maldives, connecting the Mountain with three neighboring islands by the League of the highway covering 6.7 km, through a financial package consisting of a grant of 100 million US dollars and a new credit line of 400 million US dollars.

In addition, the Maldives was the first country to receive Covid vaccines from India, with New Delhi donating a dose of loop to the small archipelago nation. Indo-Maldivian ties have become extremely close since President Ibrahim Mohamed Solih took office in November, 2018.

Following the completion of its two-day visit on Sunday, EAM will visit the small Indian Ocean nation of Mauritius on February 22-23.

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