Press Esc to close
Tuesday 01 September 2015
News updated at 7:35 PM IST
Weather
Max: 29.4°C
Min : 21.1°C
In Bengaluru
Sunny day

GMR row: India reviews aid to Maldives

New Delhi, Dec 7, 2012, DHNS:

India is unlikely to release its budgetary support of $ 25 million to Maldives anytime soon and is set to take stock of the evolving situation in the country in the aftermath of the GMR Group’s imminent departure from the international airport in Male.

Hours before the state-owned Maldives Airport Company Limited was to take over from the GMR-led consortium the control of the country’s Ibrahim Nasir International Airport, New Delhi on Friday asked Male to rein in anti-India elements in the island nation.

“If any quarters (in Maldives) want that our relations should be harmed, then they should be controlled. I think Maldives and its people know this properly and I am sure that they will do the same thing,” External Affairs Minister Salman Khurshid said in New Delhi.

The Court of Appeal of Singapore on Thursday ruled that Maldivian Government could take over the control of the airport from the GMR Male International Airport Limited or GMIAL – a joint venture of GMR Infrastructure and Malaysia Airports Holding Berhad.

The judgment was a setback for the GMR Group that had earlier got an injunctive relief from the High Court of Singapore against the applicability and operations of the notice the Maldivian Government had served the company on November 27 last seeking to take back the control of the airport.

The GMIAL on Friday said that it would abide by the orders of Singapore Court of Appeals and will facilitate a smooth takeover of the airport by the MACL. 

“We are taking requisite steps to work out the compensation receivable from the Government of Maldives, keeping in mind the judgment of the aforementioned court and the concession agreement dated June 28, 2010,” the company said in a statement issued from Male.

The GMIAL claimed that it had been assured that its “employees, suppliers and other interested parties” would not be put to any inconvenience.

India is also likely to review its aid packages to Maldives. Confirming that India’s $ 25 million budgetary support to Maldives is unlikely to be released anytime soon, sources told Deccan Herald that New Delhi would rather “closely watch” developments in the nation in Indian Ocean before deciding on disbursement of the fund.

India had in November 2011 signed an agreement with Maldives to extend a Standby Credit Facility of $ 100 million to the island nation.


Go to Top

Photo Gallery
Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

Eunuchs carry wheat saplings on their heads during a procession taken out to celebrate Bhujaria  ...

Eunuchs carry wheat saplings on their heads during a procession taken out to celebrate Bhujaria ...

Local members of Shiv Sena and Dogra Front carrying onions to mark protest against price hike of ...

Local members of Shiv Sena and Dogra Front carrying onions to mark protest against price hike of ...

Kannada actor Shivarajkumar and Geetha daughter Nirupama with Dileep weeding at Tripuravasini  ...

Kannada actor Shivarajkumar and Geetha daughter Nirupama with Dileep weeding at Tripuravasini ...

Members of Yuva Bharath organisation launch a postcard campaign demanding conduct of Dasara in a ...

Members of Yuva Bharath organisation launch a postcard campaign demanding conduct of Dasara in a ...

Rayat panel supporters celeberate the win in the Agricultural Produce Market Committee (APMC) ...

Rayat panel supporters celeberate the win in the Agricultural Produce Market Committee (APMC) ...

A large number of Karnataka Association of Resident Doctors (KARD) members staged protest ...

A large number of Karnataka Association of Resident Doctors (KARD) members staged protest ...

Bollywood Actors Anil Kapoor, John Abraham and Shruti Haasan during promotion of their upcoming ...

Bollywood Actors Anil Kapoor, John Abraham and Shruti Haasan during promotion of their upcoming ...

President Pranab Mukherjee speaking to contributors to the book- '30 Women in Power: Their Voice ...

President Pranab Mukherjee speaking to contributors to the book- '30 Women in Power: Their Voice ...

AIMIM President Asaduddin Owaisi along with others offering tribute to former AIMIM president ...

AIMIM President Asaduddin Owaisi along with others offering tribute to former AIMIM president ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523