Prime Minister Manmohan Singh Thursday asked visiting Maldivian President Abdulla Yameen Abdul Gayoom to address the problems faced by some Indian investors and amicably settle the issue of Male International Airport.
Yameen responded by saying that the country is in talks with GMR,whose USD 511 million investment into the airport project was scrapped,for an out of court settlement and not through arbitration.
After a bilateral meeting with Yameen in Hyderabad House,Singh,while stressing on a more balanced growth in bilateral trade,said,I requested President Yameen to amicably settle the issue of Male International Airport and address problems some of our investors are facing.
Yameen,who was addressing business chambers,said,As we speak,GMR is speaking with our officials to have a settlement out of court and not through arbitration. We will have a mutually amicable solution. The GMRs project was scrapped unilaterally in November 2012 by the Maldivian government,then headed by Mohamed Waheed.
Besides the GMR issue,the two leaders also discussed cooperation on defence and security. We have agreed on initiatives to strengthen bilateral defence and security cooperation,including through training,supply of equipment,capacity building,joint patrolling and aerial and maritime surveillance, Singh said. Sources said India would supply a naval chopper and landing craft for the Maldivian navy.
We are also deepening our trilateral maritime security cooperation with Sri Lanka and look forward to expanding it to other countries in the Indian Ocean, he said.