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Prime Minister Narendra Modi's recent visit to the Maldives marks a significant turning point in the relationship between the two nations, potentially resetting ties after a period of strain fueled by the "India Out" campaign. Invited by Maldivian President Mohamed Muizzu, Modi attended the Maldives' 60th Independence Day celebrations as the Guest of Honour, underscoring India's commitment to its "Neighbourhood First" policy. This visit, the first by a head of government hosted by Muizzu since he assumed office in November 2023, is viewed as a crucial step in mending relations that had come under pressure due to Muizzu's perceived pro-China leanings and the "India Out" sentiment.

The "India Out" campaign, which gained traction in the Maldives, advocated for reduced Indian influence and the removal of Indian military personnel from the island nation. This sentiment, coupled with Muizzu's initial inclination towards China, led to a period of unease in India-Maldives relations. However, recent developments suggest a shift in the Maldivian stance, with President Muizzu now emphasizing the importance of India as a "closest and most trusted partner".

During Modi's visit, both leaders engaged in extensive discussions aimed at strengthening cooperation across various sectors, including trade, defense, and infrastructure. A key outcome of the visit was the announcement of a Line of Credit (LoC) of ₹4,850 crores (approximately $565 million) from India to the Maldives. This financial assistance is intended to support priority projects in areas such as defense, healthcare, education, and housing. Furthermore, the two countries agreed to reduce the annual debt repayment obligations of the Maldives on Government of India-funded LoCs, providing much-needed economic relief to the island nation.

In a significant move towards bolstering economic ties, India and the Maldives announced the initiation of negotiations for a Free Trade Agreement (FTA). This landmark initiative is expected to significantly strengthen the economic partnership between the two countries, fostering increased trade and investment. Both leaders also jointly issued a commemorative stamp to mark the 60th anniversary of the establishment of diplomatic relations between India and the Maldives, symbolizing the close and historical ties between the two nations.

In addition to these major agreements, several other India-backed development projects were inaugurated or handed over during the visit. These include the handing over of 3,300 social housing units in Hulhumale, the inauguration of a roads and drainage system project in Addu city, and the inauguration of six High Impact Community Development Projects in the Maldives. India also handed over 72 vehicles and other equipment to the Maldivian government. Furthermore, India gifted BHISHM health cube sets to the Maldives to assist in healthcare, medical emergencies, and disaster relief.

The improved relations between India and the Maldives can be attributed to several factors. President Muizzu's government has recognized the importance of India's role as a key partner in the Maldives' economic development and security. India's consistent support to the Maldives during times of crisis, whether it be natural disasters or economic challenges, has also played a crucial role in fostering trust and goodwill. The pragmatic approach of both governments, focusing on mutual interests and addressing concerns through dialogue, has paved the way for a renewed partnership.

PM Modi's visit has not only reaffirmed India's commitment to its "Neighbourhood First" policy but has also highlighted the importance of maintaining strong and stable relations with its maritime neighbors. The agreements and initiatives launched during the visit are expected to further strengthen bilateral cooperation, promoting economic prosperity and security in the Indian Ocean region. As both nations look ahead, the focus will be on building upon this momentum and fostering a deeper, more resilient partnership that benefits the people of both India and the Maldives.