Maldives Gmr Airport

• GMR seeks over USD 800 million; Maldives insists on forensic audit

  Indian infrastructure firm GMR will seek a compensation of over USD 800 million from Maldives for the termination of its airport deal here but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half.

• Termination of GMR contract not to affect ties with Maldives: Government

  India today hoped that the termination of GMR's Male airport project by the Maldives government will not impact its relationship with the neighbouring country.

• Male GMR Airport handover 'seamless': Maldives government

  The Maldivian government on Saturday described as "seamless" the retaking of the country's international airport from an Indian developer following a bitter row that triggered a spat with its neighbour.

• Maldives takes over airport from GMR

  At midnight, the Maldivian government took over the Ibrahim Nassir International Airport (INIA) from Indian conglomerate GMR Infrastructure, as per the directions of Singapore court. Sources told NDTV that no official from the Indian firm was present at the venue.

• Maldives wins airport dispute with GMR

  The Maldives has won a court case allowing it to cancel a $511 million airport development contract with GMR Infrastructure, clearing the way for it to take over its main airport.

• Setback for GMR: Maldives to take control of $511 mn airport after Singapore court order

  The Court of Appeal of Singapore today ruled in Maldives' favour in the South Asian island nation's move to cancel a $511 million airport development contract with GMR Infrastructure, clearing the way for it to take over the airport.

• Don't take any coercive measure: India to Maldives on GMR row

  India has told Maldives that no arbitrary and coercive measure should be taken pending the outcome of the legal proceedings and that the resort to any such action would inevitably have adverse consequences for bilateral relations. On Monday, Maldives said will wrest control of its international airport from GMR Infrastructure, cancelling its bigges...

• GMR contract row: Maldives foreign minister speaks to Salman Khurshid

  Maldives Foreign Minister Abdul Samad Abdullah today spoke to External Affairs Minister Salman Khurshid amid speculation that India could freeze proposed aid in response to the island nation cancelling its $511 million international airport contract with GMR Infrastructure.

• Maldives risks Indian fury over GMR airport deal, says it does not accept court order

  Maldives will wrest control of its international airport from GMR Infrastructure, cancelling its biggest foreign investment project, despite an order from a Singapore court suspending the project's termination.

• Cancellation of GMR's $511 million Maldives airport project stayed: Top 10 developments

  Indian infrastructure firm GMR won a major step in its battle with the government of the Maldives today, which last week cancelled a $500 million contract for modernizing the airport in its capital of Male.

• GMR airport glitch: Govt reviews ties with Maldives as case comes up for hearing

  In the backdrop of cancellation of GMR's airport contract by Maldives, the government has reviewed overall ties with Maldives at the highest level and discussed various options in view of anti-India sentiment that could hurt India's interests "directly".

• India upset with Maldives' cancellation of $511 million airport project

  Maldives has cancelled its biggest foreign investment project, a $511 million deal with Indian firm GMR Group to develop its international airport, raising questions over the future of foreign investment in the islands renowned for luxury resorts.

• Maldives issues notice to Indian group GMR for terminating airport contract

  Maldives today said its cabinet has recommended termination of a contract given to GMR Group for developing Male Airport, a project awarded to the Indian group during the previous regime of island nation.

• Maldives apologetic over intemperate anti-India remarks

  Seeking to mollify New Delhi after intemperate anti-India remarks by a key presidential aide, Maldives has given profound apology as a USD 514-million airport project carried out by Indian company GMR became a target of political football here.