New Delhi/Male: Nearly eight months after the regime change in Maldives, some Indian companies present there are blaming political interference for creating "undue challenges" for them, even as the new government has assured that all Indian investments are safe.
Among the Indian firms doing business in Maldives, infrastructure major GMR group's $500 million Male airport project has run into rough weather, while a realty project being co-developed by Tata group firm Tata Housing is also facing land-related issues in the country.
Apex Realty, a special purpose vehicle (SPV) created by Tata Housing and SG18 Developers, is working on an ambitious housing project in the country.
Both projects were awarded during the regime of former President Mohamed Nasheed, who was forced to resign in February this year following country-wide streets protests.
Adding to the worries of the Indian companies, some coalition partners of the current regime are planning to hold a large rally against GMR on November 3.
01/11/12 PTI/Business Standard
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Among the Indian firms doing business in Maldives, infrastructure major GMR group's $500 million Male airport project has run into rough weather, while a realty project being co-developed by Tata group firm Tata Housing is also facing land-related issues in the country.
Apex Realty, a special purpose vehicle (SPV) created by Tata Housing and SG18 Developers, is working on an ambitious housing project in the country.
Both projects were awarded during the regime of former President Mohamed Nasheed, who was forced to resign in February this year following country-wide streets protests.
Adding to the worries of the Indian companies, some coalition partners of the current regime are planning to hold a large rally against GMR on November 3.
01/11/12 PTI/Business Standard
