New Delhi: Industry body Assocham today sought immediate government intervention against unilateral decision of Maldives to terminate GMR airport project there, to protect the interest of the company and Indian banks.
The move violates the spirit of International Concession Agreement which was signed after biding global tender by the GMR Group, the chamber said.
In a communication to the Maldives Embassy in New Delhi, Assocham Secretary General D S Rawat said their government must provide the opportunity to GMR Group to have discussion and find an amicable solution.
This will certainly further strengthen the spirit of economic relations amongst the South Asian Association for Regional Cooperation (SAARC) nations, Rawat said.
The chamber has also urged upon the government to take immediate steps as may be necessary to protect the interests of GMR, its people working in Male as well as the Indian banks against such irrational moves,
30/11/12 PTI/Economic Times
