Press Esc to close
Friday 21 July 2017
News updated at 1:47 AM IST

GMR row: India reviews aid to Maldives

New Delhi, Dec 7, 2012, DHNS: 1:08 IST
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
BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.