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The Central Government of India has agreed to allow the export of 11714.45 MT of potato, 19466.36 MT of onion, 67640.24 MT of rice, 59442.17 MT of wheat flour and 11706.30 MT of sugar for the FY of 2017-18 to the Republic of Maldives as per the bilateral trade agreement signed between the Government of India and the Government of Maldives.

A Singaporean arbitration tribunal has ordered the Maldivian government to pay approximately $250 mn in compensation to Indian company GMR over termination of contract to run Ibrahim Nasir International Airport (INIA).

The six member countries of the South Asia Sub-regional Economic Cooperation (SASEC) program-Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka- released this week, the SASEC Operational Plan (OP) 2016-2025. The SASEC OP is the program's first comprehensive long-term plan to promote greater economic cooperation among the member countries.

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Pharma major Dr Reddy's Laboratories will buy Wockhardt Ltd's branded generics business in India, Nepal, Sri Lanka, Bhutan and Maldives and its manufacturing plant at Baddi in Himachal Pradesh.