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The dispute intensified when, on January 31, the Indian Army intercepted a Maldivian fishing boat operating within the Maldives' Special Economic Zone, situated 72 nautical miles northeast of Dhidhdhoo, Haa Alifu Atoll.
IMEC encompasses a comprehensive network of roadways, railways, and ship-rail transit routes spanning the Eastern Corridor, linking India with the Gulf, and the Northern Corridor, facilitating seamless connectivity from the Gulf to Europe.
The Indian Embassy in France took to Twitter to announce the launch, expressing gratitude to Prisca Thevenot, the Minister Delegate in charge of Democratic Renewal and Government Spokesperson, for gracing the occasion with her presence.
According to the Maldives Foreign Ministry, both parties agreed that the Government of India will replace military personnel in one of the three aviation platforms by 10 March 2024, and will complete the replacement of military personnel in the other two platforms by May 10, 2024.
Muizzu's victory over Ibrahim Mohamed Solih, who maintained friendly ties with India, has led to concerns about a potential shift in the Maldives' foreign policy towards closer alignment with China.
While acknowledging the significance of the South China Sea, India remains cautious about direct involvement due to China's dominance in the region. Nevertheless, India's focus on maritime-oriented strategic thinking underscores its commitment to advancing its geopolitical interests in the Indo-Pacific.
Under the terms of the deal, the Indian Navy is slated to receive 15 out of the 31 drones, while the Indian Army and Indian Air Force will each acquire eight high-altitude long-endurance drones from the United States.
Satija highlighted the issuance of 40 to 50 licenses annually in defense manufacturing, highlighting the government's commitment to fostering domestic capabilities in the sector.
Kazakhstan is actively seeking higher foreign direct investment (FDI) from India following a substantial increase in foreign investments in the country during the first half of 2023.
India's reliance on edible oil imports has been glaring, with the country importing nearly 165 lakh tonnes of cooking oils, valued at ₹1.38 lakh crore during the 2022-23 marketing year. Notably, palm oil imports predominantly come from Malaysia and Indonesia, while soyabean oil is sourced from Argentina and Brazil.
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