Maldives Current Affairs - 2019

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U.K. company ‘Lagan Construction’ bags Maldives airport project

Maldives has chosen U.K.-based Lagan Construction to develop the Addu International Airport.

Maldives had last year cancelled a $511-million contract awarded to Indian infrastructure major GMR for upgrading and development of the Male International Airport.

The termination had led to a row with GMR taking the issue to an arbitration Court in Singapore. Currently, Maldives and GMR are in the process of working out a compensation package.

Month: Categories: Business, Economy & Banking

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India to suspend trade liberalization pact with Mauritius

image India has decided to put negotiations to finalize a trade liberalization pact with Mauritius on hold. It has said that the talks will not be resumed till the island nation amends its Double-Taxation Avoidance Agreement (DTAA) with India.

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Month: Categories: Business, Economy & Banking

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