Former Maldivian President Mohammed Nasheed spoke to CNN-IBN in his first interview to an Indian TV channel. Speaking to CNN-IBN he said that he will restore the GMR deal with Maldives Airport if he comes to power. "We will restore the deal and will do it in a transparent way," he said. ...
08:27 AM, Mar 01, 2013
Airports developer and operator GMR Infrastructure, a part of GMR Group, on Wednesday said it received Rs 415 crore from national carrier Air India on account of airport charges for both Delhi and Hyderabad. ...
03:06 AM, Feb 07, 2013
Air India has cleared a large chunk of its dues to GMR-led operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. "It is heartening for us to note that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. We are hopeful that Air India will clear the remaining...
10:20 PM, Feb 06, 2013
It was not a smooth sailing for the Indian aviation industry in 2012 as it saw the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers besides a prestigious $ 500 million airport upgrade contract bagged by a leading Indian infra firm being terminated by the Maldives government. ...
11:46 AM, Dec 28, 2012
New Delhi: Reflecting recent strains with Maldives, India has tightened its visa regulations for the citizens of the island nation. Maldivian nationals now intending to stay in India for more than 90 days for medical, study or any other purpose have to obtain appropriate visa otherwise they may face deportation as there is no provision in India for extending the visit visa or converting to any other type. In a...
07:51 AM, Dec 18, 2012
New Delhi: Reflecting recent strains with Maldives, India has tightened its visa regulations for the citizens of the island nation. Maldivian Nationals now intending to stay in India for more than 90 days for medical, study or any other purpose have to obtain appropriate visa otherwise they may face deportation as there is no provision in India for extending the visit visa or converting to any other type. In a...
07:59 PM, Dec 17, 2012
Male: Indian infrastructure firm GMR will seek a compensation of over $800 million from Maldives for the termination of its airport deal but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half. "We have sent a letter to the Maldivian government indicating a number of more than $800 million as compensation amount. This is our initial estimate. The final figure would...
04:20 PM, Dec 16, 2012
Beijing: Amidst a row over termination of Indian infrastructure major GMR's Male airport contract, China and Maldives on Tuesday firmed up their defence ties with Beijing promising to maintain mutually beneficial relations with the Indian Ocean archipelago nation. Chinese Defence Minister Gen Liang Guanglie held talks with Maldivian counterpart Col (Retd) Mohamed Nazim in Beijing during which both sides pledged to strengthen military ties, China's state-run Xinhua news agency said....
07:44 PM, Dec 11, 2012
New Delhi: India on Sunday hoped that termination of the GMR's Male airport project by the Maldives government will not impact its relationship with the neighbouring country. The remarks by External Affairs Minister Salman Khurshid came days after India had expressed unhappiness over the unilateral decision of the Maldivian government. "Why should it....today they (Maldives) have announced that they want Indians to come and invest. There is no problem but...
02:40 AM, Dec 10, 2012
New Delhi: According to sources, Maldivian President Mohammed Waheed Hassan has categorically stated that China is not behind his government's decision to scrap the Male airport development contract with GMR Group. The President also indicated that there was a problem right from the beginning in the approach of then president Mohamed Nasheed towards the deal. The Maldivian government on November 27 terminated the $511 million contract with the Indian firm...
09:58 AM, Dec 09, 2012
Male: Maldives' state-run MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a week-long legal battle over the "unilateral" termination of its $ 511 million airport modernisation contract. "Maldives Airport Company Limited has taken over the operations of the Ibrahim Nassir International Airport from GMR. The transfer process was very smooth and seamless," President Mohamed Waheed's Press Secretary...
12:46 AM, Dec 08, 2012
Male: The Maldives government is poised to take over the Male International Airport with GMR agreeing to meet the midnight deadline to hand over the operations after the Indian infrastructure major lost a week-long legal battle. "MACL will officially take over the operations of the airport at midnight. A handing over ceremony would be held at 11:45 pm at the airport here," President Mohamed Waheed's Press Secretary Masood Imad said....
09:43 PM, Dec 07, 2012
New Delhi: India has put on hold a Rs 250 crore loan to Maldives, according to sources say. Sources say the loan for bilateral aid has been put on hold due to GMR's eviction. The Maldives government is set to take over the Male airport at midnight on Friday. This comes after the Singapore Court of Appeal ruled that the Maldives government had the authority to take back Male airport...
12:46 PM, Dec 07, 2012
Singapore: In a major setback to GMR, the Singapore Court of Appeal on Thursday ruled that the Maldives government had the authority to take back Male airport from the company. Maldives President Mohammed Waheed Hassan's Press Secretary Masood Imad said that the government would go ahead with the transfer as scheduled. Reacting to the ruling, GMR sources said the company would not comment on the court verdict so soon. The...
01:25 PM, Dec 06, 2012
New Delhi: Days after it was unceremoniously thrown out of Maldives airport project, GMR Infrastructure on Wednesday said involvement of a foreign country in Island nation's decision cannot be ruled out. "I can't say that for sure. But, looking at the political situation and political framework in Maldives, I can't rule out anything," GMR Airports CFO Sidharth Kapur told reporters here. He was responding to a query that whether GMR...
04:09 PM, Dec 05, 2012
New Delhi: In a stern message to Maldives, India on Tuesday said it expected no arbitrary and coercive action should be taken pending the outcome of legal proceedings on the GMR contract issue and warned that recourse to any such action would have adverse consequences for bilateral relations. In response to a question on the GMR issue, the official spokesperson of the Ministry of External Affairs also said, "We are...
10:24 PM, Dec 04, 2012
New Delhi/Male: In the standoff between Maldives and India over the GMR managed airport, Male is adamant that the contract will not be revived, and that it will take control of the airport by December 8. Reacting to the development, the Indian government is now taking matters in its own hands. Male has escalated the standoff with Delhi over GMR's $500 million airport project with President Waheed deciding to write...
09:13 PM, Dec 04, 2012
Male: Maldives on Tuesday asserted that it would go ahead with the takeover of the Male International Airport from GMR later this week and said they along with the Indian firm had "worked out" a plan to hand over the running of the airport "without any hiccups". "Yes, we will go ahead with the takeover of the Airport as planned and on schedule," President Mohamed Waheed's press secretary Masood Imad...
05:50 PM, Dec 04, 2012
New Delhi: Maldives is standing firm by its decision to take control of Male airport by December 8. This despite sources saying that India is upset with the development and has decided to freeze an aid of $ 25 million to Maldives, due in 2013. CNN-IBN has learnt that the Maldivian Foreign Minister Abdulla Jihad called up External Affairs Minister Salman Khurshid earlier on Tuesday and claimed that they would...
12:10 PM, Dec 04, 2012
Singapore/Male/New Delhi: In a move to put pressure on Male, India has frozen aid to the Maldives as its government on Monday decided to take control of the international airport despite a Singapore court staying the suspension of the contract given to India's GMR-led consortium. The High Court of Singapore suspended the Maldives government's decision last week to terminate the $500 million contract, the single largest Indian FDI in the...
11:25 PM, Dec 03, 2012
