Indian high commission welcomes renegotiation of TATA housing deal
14 Sep 2014, 9:18 PM
Daniel Bosley
The Indian High Commission has welcomed the successful renegotiation of the TATA Housing development project in Malé.
“The positive developments in the TATA Housing project would definitely encourage more such investments from Indian businesses into Maldives,” read a press release from the Indian High Commission today.
Work on residential apartments will now resume on the Gaakoshi and Arabiyya sites, after a two year delay as the government sought to renegotiate the original terms of the contract.
“Government of Maldives has also given a commitment to transfer back the two sites – Naadhee and Odean, which were taken back by Government for specific purposes, and provide other timely clearances to the company,” the statement continued
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