Pres invites Indian investors to leverage support in Maldives digital transformation

President Dr. Mohamed Muizzu has invited Indian investors to explore the potential of the Maldives’ growing digital economy and artificial intelligence sector, and reach the country’s digital economy target by 2030.

He made the remarks while speaking at the Business Forum in Bangalore, India on Wednesday amid his ongoing official visit.

While speaking at the forum, President Muizzu said he has pledged to ensure the digital economy of the Maldives account for 15 percent of the country’s GDP by 2030.

“By investing in the Maldives, you can leverage our strategic location, young and dynamic workforce, and supportive government policies aimed at fostering technological growth,” he said.

President Muizzu highlighted how the Maldives is highly vulnerable to the impacts of climate change and said the country is committed to renewable energy solutions and climate resilience, for which also sought out support from Indian investors to join in “this transformative journey.”

“By levering India’s expertise and technological advancements in renewable energy, together we can create a sustainable future that benefits both our nations.”

President Muizzu recalled how he reiterated the Maldives’ dedication to multilateralism and climate action at the UN General Assembly “few weeks ago” and added the country will continue to champion ambitious climate initiatives and digital advancement to ensure prosperity and resilience of the Maldivian people.

He noted how this is aligned with the country’s vision, and the urgent need for a multilateral system, to effectively address global challenges such as climate change, technological integration, and economic inclusivity.

Muizzu emphasized that the extension of creative economy in the Maldives among the key areas of his administration, for which the country has already launched the Maldives Creative Economic Strategy with the aim of invigorating the creative sectors, from technology-driven industries to arts and media.

“Maldives stands at the edge of the digital revolution and we are working on embedding it in all sectors, including higher education,” Muizzu noted.

He also noted the continued investment in further development of the Maldives’ healthcare system, but noted that several key areas still require crucial investment to meet future healthcare demands, enhance service quality, and tackle emerging health challenges.

He also noted that the island nation is an ideal location for Indian investments due to “its close proximity and numerous similarities” that foster a conducive business environment, and added that this proximity also facilitates “stronger cultural and economic ties.”

“Our shared efforts will undoubtedly drive prosperity, creativity, and closer ties between our peoples,” Muizzu said in his concluding remarks. He also highlighted the importance of fostering stronger ties with Bangalore’s educational institutions and tech companies that would allow Maldives accelerate its progress in building technological resilience and “shorten the learning curve” in the efforts.

President Muizzu is in India for his first official state visit to the country on the invitation of Indian President Droupadi Murmu.

During his trip, President Muizzu met with Murmu and Indian Prime Minister Narendra Modi, and other senior Indian government officials and Bollywood celebrities in a bid to foster stronger relations between the two countries.

Additionally, he attended the India-Maldives Business Forum in New Delhi and Mumbai.

President Muizzu will conclude his official visit and fly back to Maldives on Thursday.