India has announced two additional ports for the export of essential commodities to the Maldives for the financial year 2024-25. The two new ports added to the list are Kandla Sea (INIXY1) and Vishakhapatnam Sea (INYTZ1). The Indian High Commission in Maldives confirmed this update, stating that these two ports have been included for the export of essential commodities, in addition to four ports that were already in use.
The decision to include these two additional ports was made by the Government of India in compliance with the Foreign Trade (Development & Regulation) Act of 1992. The Central Government amended Notification No 06/2023 dated 15th April 2024 to incorporate Kandla and Vishakhapatnam Customs Sea ports for the export of essential commodities to the Maldives. This move comes as part of efforts to expand trade relations between India and the Maldives and provide more options for the export of essential goods.
President Mohamed Muizzu of the Maldives expressed his condolences to Prime Minister Narendra Modi over the landslides in Wayanad, Kerala. The disaster in Wayanad has resulted in over 200 casualties and numerous injuries, causing extensive loss of lives and livelihoods. President Muizzu described the tragedy as unimaginable and expressed his profound sorrow over the devastating impact of the landslides.
The addition of Kandla and Vishakhapatnam Sea ports for the export of essential commodities to the Maldives is expected to facilitate the smooth flow of goods between the two countries. This decision is aimed at strengthening trade relations and boosting economic cooperation between India and the Maldives. By expanding the ports available for export, both countries can enhance their trade capabilities and meet the growing demand for essential commodities.
The inclusion of these two ports is part of India’s efforts to support the Maldives in meeting its requirements for essential goods. The collaboration in the field of trade and commerce will not only benefit both countries economically but also deepen their bilateral relations. With increased options for exporting essential commodities, India and the Maldives can further enhance their trade ties and foster mutual growth and development.
Overall, the addition of Kandla and Vishakhapatnam Sea ports for the export of essential commodities to the Maldives signifies a significant step towards expanding trade relations between the two countries. This move will contribute to the growth of bilateral trade and economic cooperation, while also strengthening the bonds of friendship and cooperation between India and the Maldives. As both countries work together to promote trade and commerce, they can create new opportunities for growth and prosperity, benefiting their economies and their people.
