ibnlive » Business

Dec 03, 2012 at 11:46am IST

GMR obtains stay from Singapore court, to continue Male airport operations

New Delhi: A Singapore court on Monday stayed the cancellation of airport contract by Maldives with GMR Group. This has come as a relief for GMR, which will now continue its operations at Male airport in Maldives. The option of legal action in Singapore is provided in the contract GMR had signed with the Maldivian government.

The termination of the $500 million GMR airport project was seen as a major setback in the bilateral relations of India and Maldives. Speaking to CNN-IBN, External Affairs Minister Salman Khurshid had said that India wished that the issue didn't cause bitterness between them.

The government on Sunday also reviewed overall relationship with Maldives at the highest level and discussed various options in view of anti-India sentiment that could hurt India's interests "directly". The Cabinet Committee on Security, chaired by Prime Minister Manmohan Singh, took into account the developments surrounding cancellation of the contract and its possible wider consequences, sources said. The meeting was told that anti-India sentiment exists in Maldives among a small section but such people are even in the government.