President Ibrahim Mohamed Solih has assured that his administration is fully committed to providing the protection and legal cover that overseas investors need to develop their businesses in the Maldives. The President extended this assurance while meeting with members of the Indian business community this evening.
President Solih is currently on a State Visit to India, on the invitation of the Indian Prime Minister Narendra Modi. The President is being accompanied by First Lady Fazna Ahmed, and a high-level delegation of government officials.
Speaking at the meeting, President Solih described India as the Maldives’ closest friend, and stated that the people of both countries have built their longstanding mutual relations through trade and commerce. He further welcomed the Indian entrepreneurs to seize the investment opportunities available in the Maldives.
Commending the remarkable economic milestones India has achieved over the years, the President pointed out that India remains one of the Maldives’ largest trading partners.
In his speech, the President emphasised that the Maldives is a fast-growing, emerging economy, highlighting the continuous growth of the country’s tourism and infrastructure industries. He also pointed out that the Maldives has near perfect capital mobility, and underscored that the Maldives’ business environment did not present any obstacles to foreign ownership of investment.
Prior to his meeting with the business community, President Ibrahim Mohamed Solih attended an interactive session with select CEOs of the India’s business community.