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2009-12-31

Indian SMEs looking at Maldives

Indian small players who are keen to make inroads into Maldives have the opportunity in sectors like infrastructure and construction; shipping and logistics; and fishing and forestry.

Indian small players who are keen to make inroads into Maldives have the opportunity in sectors like infrastructure and construction; shipping and logistics; and fishing and forestry.

 

Apart from this, the country’s tourism industry is now booming and has emerged as an ideal segment for investment for SMEs (small and medium enterprises) in hospitality sector. Other promising sectors are handicraft, agriculture and textile and apparels.

 

Total trade between India and Maldives during April-February 2008-09 stood at around USD119.76 million. India and Maldives also share the ‘Most Favoured Nation’ status with each other.

 

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