India tells Maldives: Axing GMR contract will send negative signals

Last Updated: Tue, Nov 27, 2012 15:30 hrs

New Delhi, Nov 27 (IANS) India Tuesday said the Maldives government's decision to cancel the GMR contract to develop an airport near Male would send "a very negative signal to foreign investors and the international community".

It also asked the Indian Ocean archipelago nation to ensure that Indian interests in the Maldives and the security of Indian nationals "are fully protected".

The Maldives cabinet Tuesday annulled the agreement made with GMR Group to operate the Ibrahim Nasir International Airport (INIA).

The agreement awarding the airport to GMR Group for 25 years was signed on June 28, 2010, by former president Mohamed Nasheed's government.

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