Maldives aims beyond usual Sri Lankan investments

The Maldives showed interest in increasing investments from Sri Lanka at the fourth annual meeting of the Sri Lanka, according to the Maldives Bilateral Business Council of the Ceylon Chamber of Commerce.

Among the investments discussed were construction, transport and energy. Officials also discussed expanding a credit line beyond fruits and vegetables for Sri Lankan exporters, reports Lanka Business Online.

An expanded credit line could allegedly broaden business opportunities in the Maldives and alleviate the Maldives’ current difficulties with a foreign currency shortage, council president Hussain S. Hashim allegedly said.

The council, which was formed in 2007, addresses business relationships between the two countries. The Maldives imports Sri Lankan textiles, clothing, jewellery, produce and tea, and exports a variety of fish products as well as cement clinker to its neighbour.