President Mohammed Muizzu has declared the Maldives a green and attractive environment for investment in the digital economy. Speaking at the India-Maldives Business Forum in New Delhi, he emphasized the country's shift toward a digital economy and sought India's assistance to establish robust digital infrastructure.
Highlighting India's leadership in the digital sector, President Muizzu underscored the necessity of developing a secure digital transaction system in the Maldives. He pointed out the need for a secure system to facilitate efficient money transactions and expressed interest in leveraging India's experience and expertise in this area.
The President also informed attendees about the implementation of a new Foreign Investment Act, which aims to boost investor confidence, particularly in the tourism sector. He expressed optimism about the potential for foreign investment, emphasizing the trust in the Maldives' tourism industry.
In addition, President Muizzu announced that the Maldives Development Bank is set to commence operations later this year, signaling further economic collaboration in the region. He stressed that India's support is crucial for promoting tourism in the Maldives and highlighted various business opportunities available to Indian investors.
As both nations explore avenues for collaboration, President Muizzu's appeal for partnership in establishing a digital economy reflects the Maldives' commitment to modernization and sustainable growth. The forum served as a platform for fostering stronger business ties between the Maldives and India, paving the way for future investments.
Highlighting India's leadership in the digital sector, President Muizzu underscored the necessity of developing a secure digital transaction system in the Maldives. He pointed out the need for a secure system to facilitate efficient money transactions and expressed interest in leveraging India's experience and expertise in this area.
The President also informed attendees about the implementation of a new Foreign Investment Act, which aims to boost investor confidence, particularly in the tourism sector. He expressed optimism about the potential for foreign investment, emphasizing the trust in the Maldives' tourism industry.
In addition, President Muizzu announced that the Maldives Development Bank is set to commence operations later this year, signaling further economic collaboration in the region. He stressed that India's support is crucial for promoting tourism in the Maldives and highlighted various business opportunities available to Indian investors.
As both nations explore avenues for collaboration, President Muizzu's appeal for partnership in establishing a digital economy reflects the Maldives' commitment to modernization and sustainable growth. The forum served as a platform for fostering stronger business ties between the Maldives and India, paving the way for future investments.