During his ongoing state visit to India, President His Excellency Dr. Mohamed Muizzu delivered a keynote address at the India-Maldives Business Forum in New Delhi, emphasizing the potential for deepening economic collaboration between the two nations.
In his address, President Dr. Muizzu acknowledged India's significant support for the Maldives' economic growth and underscored the vital role of private sector investments. He presented his Administration's agenda for economic transformation, which aims to diversify the economy beyond tourism into sectors such as financial services, maritime industries, and the digital economy. A key initiative in this plan is the development of Ras Malé, an eco-city project designed to transform the Maldivian metropolis.
Emphasizing the importance of digital growth, President Dr. Muizzu set an ambitious target of increasing the digital economy's share of GDP to 15% by 2030. He introduced the launch of RuPay card services in the Maldives, which will facilitate smoother and more efficient financial transactions between India and the Maldives.
Additionally, the President reiterated the Maldives' commitment to sustainable development, pledging to meet 33% of the country's energy requirements through renewable sources by 2028.
Accompanied by First Lady Madam Sajidha Mohamed and a high-level delegation, President Dr. Muizzu's five-day state visit aims to strengthen bilateral ties and explore new avenues for economic collaboration between the Maldives and India.
In his address, President Dr. Muizzu acknowledged India's significant support for the Maldives' economic growth and underscored the vital role of private sector investments. He presented his Administration's agenda for economic transformation, which aims to diversify the economy beyond tourism into sectors such as financial services, maritime industries, and the digital economy. A key initiative in this plan is the development of Ras Malé, an eco-city project designed to transform the Maldivian metropolis.
Emphasizing the importance of digital growth, President Dr. Muizzu set an ambitious target of increasing the digital economy's share of GDP to 15% by 2030. He introduced the launch of RuPay card services in the Maldives, which will facilitate smoother and more efficient financial transactions between India and the Maldives.
Additionally, the President reiterated the Maldives' commitment to sustainable development, pledging to meet 33% of the country's energy requirements through renewable sources by 2028.
Accompanied by First Lady Madam Sajidha Mohamed and a high-level delegation, President Dr. Muizzu's five-day state visit aims to strengthen bilateral ties and explore new avenues for economic collaboration between the Maldives and India.
