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
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. ...
04:20 PM, Dec 16, 2012
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. ...
07:44 PM, Dec 11, 2012
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 beginnning in the approach of then president Mohamed Nasheed towards the deal. ...
09:58 AM, Dec 09, 2012
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. ...
12:46 AM, Dec 08, 2012
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
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. ...
12:46 PM, Dec 07, 2012
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. ...
01:25 PM, Dec 06, 2012
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. ...
04:09 PM, Dec 05, 2012
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. ...
10:24 PM, Dec 04, 2012
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. ...
09:13 PM, Dec 04, 2012
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 said....
05:50 PM, Dec 04, 2012
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. ...
12:10 PM, Dec 04, 2012
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. ...
11:25 PM, Dec 03, 2012
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. ...
11:34 AM, Dec 03, 2012
A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. The Maldivian government has ruled out reviving the $500 million deal with GMR and justified the scrapping by saying it was done purely on legal grounds. ...
03:41 PM, Nov 30, 2012
Upset with Maldives for unilaterally deciding to terminate the $500 million GMR airport project in New Delhi, External Affairs Minister Salman Khurshid said it was a major setback in the bilateral relations of the two countries. ...
08:01 AM, Nov 30, 2012
The Ministry of External Affairs is assessing the diplomatic fallout with Maldives over its decision to cancel a $500 million Male airport contract with GMR. Government sources on Thursday said it was inevitable that India's ties with Maldives would be hit over the commercial dispute. ...
06:00 PM, Nov 29, 2012
A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. ...
08:14 PM, Nov 28, 2012
A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. The Maldivian government has ruled out reviving the deal with GMR and justified the scrapping by saying it was done purely on legal grounds. ...
04:39 PM, Nov 28, 2012
