New Delhi: Maldives has ruled out any possibility of return of Indian infrastructure giant GMR in the over $500-million Male airport project but said it was welcome to participate in other ventures in the island nation.
Asserting that Maldives has nothing against GMR, newly- elected Maldivian President Abdulla Yameen said his administration was committed to resolve the dispute with the Indian firm amicably. The President has already talked about a out-of-court settlement in the matter.
"I am not saying we are saying no to GMR. What I am saying is total management of the airport is far too important for Maldivian Government (to hand over). We have nothing against GMR or any Indian company. It is just that the international airport is far too important for us, commercially and also from security point of view," Yameen told PTI in a recent interview here.
He added that "the total operation of our airport will probably not go to any foreign party. Probably not even go to a Maldivian company. It will be undertaken by the Maldives Airport Company, a 100 per cent government company."
12/01/14 Business Standard
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Asserting that Maldives has nothing against GMR, newly- elected Maldivian President Abdulla Yameen said his administration was committed to resolve the dispute with the Indian firm amicably. The President has already talked about a out-of-court settlement in the matter.
"I am not saying we are saying no to GMR. What I am saying is total management of the airport is far too important for Maldivian Government (to hand over). We have nothing against GMR or any Indian company. It is just that the international airport is far too important for us, commercially and also from security point of view," Yameen told PTI in a recent interview here.
He added that "the total operation of our airport will probably not go to any foreign party. Probably not even go to a Maldivian company. It will be undertaken by the Maldives Airport Company, a 100 per cent government company."
12/01/14 Business Standard
