With this inclusion, the number of ports sanctioned
for exports to the Maldives has increased to six, enhancing bilateral trade
opportunities.
The Directorate
General of Foreign Trade (DGFT) confirmed the decision in a
formal notification.
Bilateral
trade between India and the Maldives rose marginally to USD 978.56 million in
2023-24 compared to USD 973.37 million in the previous fiscal year.
Indian exports
reached USD 892 million, with key items including engineering and industrial
products, pharmaceuticals, and agricultural produce. The development is pivotal
given the recent diplomatic tensions between the two nations.