Mumbai, 4 August 2022 (TDI): President of Maldives, Ibrahim Mohamed Solih, visited the BSE (Bombay Stock Exchange) on Wednesday while on a 4-day official visit to India.
The President visits the Bombay Stock Exchange and holds discussions on capital market development https://t.co/LM3A0eCTfC pic.twitter.com/qnT70Rje59
— The President’s Office (@presidencymv) August 3, 2022
During the visit to BSE, the President and Maldives delegation of senior government officials held discussions with BSE board members and other management staff.
Discussions between the two sides concerned investment and capital market development opportunities. Board members of BSE expressed their interest to collaborate with Maldivian counterparts in developing the Maldives stock market.
On his tour to Bombay Stock Exchange’s Network Operation Center and Security Operation Center, the President of Maldives was accompanied by Shri S.S. Mundra, Chairman of BSE.
President Solih also participated in a symbolic bell ringing ceremony at the Bombay Stock Exchange. Stock exchanges around the world use bell ringing to signal the opening and closing of the day’s stock trading.
Bombay Stock Exchange was established in 1875 and is Asia’s first stock exchange, with over 5000 companies listed on it.
Also Read: President of Maldives visits India
India-Maldives Relations
India and Maldives are neighboring countries, sharing a maritime border. Relations between the two countries are friendly and both countries enjoy close economic, strategic, and military cooperation.
India was also one of the first countries to recognize the independence of the Maldives. The Maldives has a High Commission in New Delhi, while India has a High Commission in Maale City.
Bilateral relations between the two countries are nurtured and strengthened by regular contact at the highest level. Since the establishment of diplomatic relations, almost all Prime Ministers of India have visited the Maldives.
Both nations are founding members of SAARC (South Asian Association for Regional Cooperation), and the South Asian Economic Forum. Both countries are signatories to South Asia Free Trade Agreement as well.
