BusinessIndia's Rs 4,850 Crore Credit Line for Maldives Requires 75% Indian Sourcing
The Government of India has extended a Rs 4,850 crore credit line for development projects in the Maldives. A Reserve Bank of India circular mandates that at least 75% of the value of goods, works, and services under eligible contracts must be sourced from India. This move aims to strengthen bilateral economic ties and support Indian suppliers.
Latestly·19h ago




