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☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

☆ Pro-China party reportedly wins big in the Maldives, likely accelerating its shift away from India
▼ + stars: | 2024-04-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Maldives' President Mohamed Muizzu casts his ballot during the country's parliamentary election, in Male on April 21, 2024. The Maldives votes in a parliamentary election likely to test Muizzu's tilt towards China and away from India, the luxury tourism hotspot's traditional benefactor. Maldives President Mohamed Muizzu's ruling pro-China party cemented its grip on power in a landslide election victory, according to preliminary results reported by local media. The outcome is widely expected to accelerate the Indian Ocean archipelago's shift toward China and away from its traditional ally of India. Muizzu's People's National Congress won 65 out of 93 parliamentary seats in Sunday's vote, Reuters reported, citing media projections and preliminary results from the Maldives Elections Commission.

Persons: Mohamed Muizzu, Mohamed Muizzu's, Muizzu's Organizations: Muizzu's People's National Congress, Reuters, Maldives Elections, Maldivian Democratic Party, MDP Locations: Maldives, Male, China, India, Muizzu's People's

☆ Maldives signs China military pact in further shift away from India
▼ + stars: | 2024-03-05 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

In January, Muizzu set a deadline of March 15 for the complete withdrawal of Indian military personnel stationed in the archipelago nation, according to the president’s office. India has also given Maldives two helicopters and a Dornier aircraft, which are mainly used for marine surveillance, search and rescue operations and medical evacuations, Reuters reported. The new deal with China marks a significant shift in Maldives’ foreign policy from Muizzu’s pro-India predecessor, Ibrahim Mohamed Solih. But Maldives has long found itself in the middle of a geopolitical tussle with both India and China vying for influence. China has increasingly expanded its footprint in Maldives, most visibly through large-scale infrastructure projects such as the $200 million China-Maldives Friendship Bridge.

Persons: Mohamed Muizzu, Muizzu, “, Ibrahim Mohamed Solih, ”, Mao Ning Organizations: CNN, Ocean, Maldivian Defense Ministry, Beijing, Reuters, Dornier, Maldives ’, Analysts, Foreign Locations: Maldives, China, India, Delhi, Beijing

☆ India to Replace Troops in Maldives With Civilians by May
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

The roughly 80 soldiers stationed in the Indian Ocean archipelago will be replaced by civilians, officials from both countries said. As global powers jostle for influence in the Indo-Pacific region, India and China have wooed the Maldives, which has traditionally been close to neighbour India. New Delhi's ties with Male have under strain since Mohamed Muizzu was elected president of the Maldives last year, pledging to end the country's "India First" policy. The Indian troops manage those operations. The next bilateral meeting will be in Male in the last week of February, the Maldives foreign ministry said.

Persons: Krishn Kaushik, Mohamed Junayd NEW, Mohamed Muizzu, Mohamed Junayd, William Mallard Organizations: May, Maldivian Foreign Ministry, Dornier Locations: Mohamed Junayd NEW DELHI, India, Maldives, China, New Delhi, Delhi

MALE, Maldives (AP) — The Maldives government says it has asked for clarification of why Indian coast guard personnel boarded three Maldivian fishing vessels operating within its economic zone earlier this week without consultation. The Maldives military also found that Indian coast guard personnel had boarded two more boats, the statement said without explaining what they did on the boats . Maldives President Mohamed Muizzu was part of an “India Out” campaign as an opposition politician, demanding the removal of Indian military personnel stationed in some islands. The largest number of tourists visiting the Maldives come from India, making up 11% of the total last year. It is said there are at least 75 Indian military personnel in the Maldives and their known activities include transporting patients from remote islands and rescuing people at sea.

Persons: Mohamed Muizzu, Muizzu, Narendra Modi, Modi Organizations: —, Indian, Maldives ., Maldives Locations: Maldives, India, Maldivian, Dhivehi, China, Lakshadweep, New Delhi

The Maldives foreign ministry confirmed local media reports that research vessel Xiang Yang Hong 3 was headed to the Maldives. The ship arrives amid a diplomatic dispute between the Maldives and its giant neighbor India. Pro-China Muizzu was elected to office in November on a platform to evict Indian military personnel stationed in the Maldives. At least 75 Indian military personnel are said to be stationed in the Maldives, and Muizzu had accused his predecessor of compromising national sovereignty by allowing Indian personnel on Maldivian islands. The known activities of the Indian military include operating aircraft and assisting in the rescue of people stranded or faced with calamities at sea.

Persons: Xiang Yang Hong, Narendra Modi, Modi, Mohamed Muizzu, Muizzu, China Muizzu Organizations: —, Indian Locations: COLOMBO, Sri Lanka, Maldives, India, China, Male, “, Lakshadweep, Asia, Africa, Europe, Maldivian

☆ India agrees to withdraw soldiers from Maldives - President Muizzu
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

Mohamed Muizzu, the newly elected president of Maldives speaks during his inauguration ceremony in Male, Maldives November 17, 2023. REUTERS/Nishan Ali/File Photo Acquire Licensing RightsNEW DELHI, Dec 3 (Reuters) - India's government has agreed to withdraw its soldiers from the Maldives, the Indian Ocean archipelago's President Mohamed Muizzu said on Sunday. "In the discussions we had, the Indian government has agreed to remove Indian soldiers," Muizzu told reporters. India provides certain military equipment to the Maldives, assists in disaster response and has been helping build a naval dockyard there. Most of the Indian military personnel were in the Maldives to operate and manage two helicopters and a Dornier aircraft given to the Maldives by India.

Persons: Mohamed Muizzu, Nishan Ali, Muizzu, India's, Kiren, Mohamed Junayd, Krishn Kaushik, Aditya Kalra, Bernadette Baum, Sharon Singleton Organizations: REUTERS, DELHI, Indian, Dornier, Thomson Locations: Maldives, Male, India, New Delhi, China

☆ Maldives new president asks India to withdraw its military
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress speaks with the media personnel during the second round of a presidential election in Male, Maldives September 30, 2023. REUTERS/Dhahau Naseem /File Photo Acquire Licensing RightsMALE, Nov 19 (Reuters) - Maldives new President Mohamed Muizzu, who campaigned on altering the tiny Indian Ocean archipelago's "India first" policy, has requested India withdraw its military from the country. Muizzu won the presidential election in September, ousting Ibrahim Solih in a runoff after promising to remove a small Indian military presence of some 75 personnel. At his inauguration on Friday, Muizzu said, "I will ensure that this country has no foreign military presence on its soil." Muizzu made the request to Kiren Rijiju, India's minister for earth sciences, who was representing India at the president's inauguration, it said.

Persons: Mohamed Muizzu, Dhahau Naseem, Muizzu, Ibrahim Solih, Kiren, Krishn Kaushik, Mohamed Junayd, Munsif Vengattil, William Mallard Organizations: People's, REUTERS, Indian, Thomson Locations: Maldives, Male, India, China, New Delhi

☆ Maldives New President Asks India to Withdraw Its Military
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

MALE (Reuters) - Maldives new President Mohamed Muizzu, who campaigned on altering the tiny Indian Ocean archipelago's "India first" policy, has requested India withdraw its military from the country. Muizzu won the presidential election in September, ousting Ibrahim Solih in a runoff after promising to remove a small Indian military presence of some 75 personnel. At his inauguration on Friday, Muizzu said, "I will ensure that this country has no foreign military presence on its soil." Muizzu made the request to Kiren Rijiju, India's minister for earth sciences, who was representing India at the president's inauguration, it said. (Reporting by Krishn Kaushik in New Delhi and Mohamed Junayd in Male; Writing by Munsif Vengattil; Editing by William Mallard)

Persons: Mohamed Muizzu, Muizzu, Ibrahim Solih, Kiren, Krishn Kaushik, Mohamed Junayd, Munsif Vengattil, William Mallard Organizations: Indian Locations: Maldives, India, China, New Delhi

☆ Maldives will return Indian military as soon as possible, says incoming president
▼ + stars: | 2023-10-29 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress speaks with the media personnel during the second round of a presidential election in Male, Maldives September 30, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsCOLOMBO, Oct 29 (Reuters) - Maldives will work to return Indian military personnel from its shores "as soon as possible," President-elect Mohamed Muizzu told Reuters on Sunday, insisting it was the top foreign policy priority for the tiny Indian Ocean island chain. Muizzu won Maldives' presidential election last month, beating incumbent President Ibrahim Solih in a second-round runoff. Solih had followed an "India first" policy but Muizzu in his election campaign promised to remove a small Indian military presence of some 75 personnel in Maldives. "The focus is not on the actual number of military personnel here, it is on not having any at all in the Maldives.

Persons: Mohamed Muizzu, Dhahau Naseem, Muizzu, Ibrahim Solih, Solih, I’m, Uditha, Swati Bhat, Susan Fenton Organizations: People's, REUTERS, Rights, Reuters, Maldives ., Thomson Locations: Maldives, Male, India, China

☆ Foreign troops must leave Maldives, president-elect Muizzu says
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress speaks with the media personnel during the second round of a presidential election in Male, Maldives September 30, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsNEW DELHI, Oct 4 (Reuters) - Foreign military forces cannot stay in the Maldives, president-elect Mohamed Muizzu told a rally celebrating his victory in closely watched weekend presidential elections that are expected to redraw ties with India and China. "All the countries which agree to our pro-Maldives policy will be our close friends and allies," Muizzu told supporters at Monday's event. India, with traditionally close ties to Male, denies that assertion, and is helping to build a naval harbour for Maldivian forces to be trained by its military. Solih, who championed an "India First" policy, continues in office until Muizzu is inaugurated on Nov. 17.

Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Solih, Mohamed Junayd, Krishn Kaushik, Uditha, Blassy Boben, Clarence Fernandez Organizations: People's, REUTERS, Foreign, Indian, Thomson Locations: Maldives, Male, DELHI, India, China, New Delhi

☆ Maldives opposition candidate Muizzu wins presidential vote
▼ + stars: | 2023-10-01 | by ( Mohamed Junayd | ) www.reuters.com time to read: +2 min

[1/4] Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Oct 1 (Reuters) - Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. With nearly all votes counted, the Elections Commission of the Maldives said on its website that Muizzu had received 54% of the ballots in Saturday's vote, with 46% for Solih. "Today the people made a strong decision to win back Maldives independence," Muizzu told reporters in the capital, Male. Muizzu also called on President Solih to release Yameen to house arrest.

Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Solih, Abdulla Yameen, Insha Allah, Yameen, Narendra Modi, Modi, Mohamed Junayd, Uditha Jayasinghe, Edmund Klamann Organizations: People's, REUTERS, India, Solih, Maldives, Indian, Thomson Locations: Maldives, Male, China, India, Colombo

☆ Maldives Opposition Candidate Muizzu Wins Presidential Vote
▼ + stars: | 2023-10-01 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

(Corrects dateline to MALE, not COLOMBO)By Mohamed JunaydMALE (Reuters) -Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. About 85% of 282,000 eligible voters in the Maldives, known for its pristine beaches and high-end resorts, turned up at more than 586 polling stations across 187 islands. "Today the people made a strong decision to win back Maldives independence," Muizzu told reporters in the capital, Male. Muizzu also called on President Solih to release Yameen to house arrest. "India remains committed to strengthening the time-tested India-Maldives bilateral relationship and enhancing our overall cooperation in the Indian Ocean Region," Modi said on X.

Persons: Mohamed Junayd MALE, Mohamed Muizzu, Ibrahim Solih, Muizzu, Solih, Abdulla Yameen, Insha Allah, Yameen, Narendra Modi, Modi, Mohamed Junayd, Uditha Jayasinghe, Edmund Klamann Organizations: India, Solih, Maldives, Indian Locations: COLOMBO, China, Maldives, India

☆ Pro-China candidate Muizzu wins Maldives presidential vote
▼ + stars: | 2023-10-01 | by ( ) edition.cnn.com time to read: +1 min

Reuters —Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago from traditional partner India. About 85% of 282,000 eligible voters in the Maldives, known for its pristine beaches and high-end resorts, turned up at more than 586 polling stations across 187 islands. “Today the people made a strong decision to win back Maldives independence,” Muizzu told reporters in the capital, Male. “All of us, working together with unity, Insha Allah, we will be successful.”Muizzu also called on President Solih to release Yameen to house arrest. “India remains committed to strengthening the time-tested India-Maldives bilateral relationship and enhancing our overall cooperation in the Indian Ocean Region,” Modi said on X.

Persons: Mohamed Muizzu, Ibrahim Solih, Muizzu, ” Solih, Solih, Abdulla Yameen, ” Muizzu, Insha Allah, Yameen, Narendra Modi, ” Modi Organizations: Reuters, India, Solih, “, Maldives, Indian Locations: China, Maldives, India

☆ Maldives presidential run-off pits pro-India, pro-China figures
▼ + stars: | 2023-09-30 | by ( Mohamed Junayd | ) www.reuters.com time to read: +1 min

[1/2] People arrive to cast their vote at a polling station during the second round of a presidential election in Male, Maldives September 30, 2023. REUTERS/Dhahau Naseem Acquire Licensing RightsMALE, Sept 30 (Reuters) - Voters lined up at hundreds of polling stations in the Maldives on Saturday in a run-off election for president of the Indian Ocean archipelago that pits the incumbent India-leaning leader against a strong pro-China contender. Opposition candidate Mohamed Muizzu led President Ibrahim Mohamed Solih in the first round three weeks ago by 6 percentage points. Thousands turned out early at over 586 polling stations across 187 islands known for their sun-kissed beaches and resorts. Maldivians were also voting at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.

Persons: Dhahau Naseem, Mohamed Muizzu, Ibrahim Mohamed Solih, Muizzu, Abdulla Yameen, Mohamed Junayd, William Mallard Organizations: REUTERS, Center, Reuters, China, Thomson Locations: Male, Maldives, India, China, Sri Lanka, Malaysia, Britain, Abu Dhabi, Solih

☆ Opposition candidate Muizzu projected to win Maldives presidency, local media report
▼ + stars: | 2023-09-30 | by ( Mohamed Junayd | ) www.reuters.com time to read: +2 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Sept 30 (Reuters) - Opposition candidate Mohamed Muizzu is projected to win the Maldives presidential run-off vote on Saturday, beating incumbent Ibrahim Solih, local media said, in a result that could see the Indian Ocean archipelago shift closer to China. Muizzu was leading the count with 54% of the vote against 46% won by Solih, local media reported. Thousands turned out early at 586 polling stations across the 187 islands known for their sun-kissed beaches and resorts. Maldivians also voted at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.

Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Maldivians, Abdulla Yameen, Muizzu's, Yameen, Mohamed Junayd, Gursimran Kaur, Andrew Cawthorne, David Holmes Organizations: People's, REUTERS, Maldives presidential, Solih, China, Progressive Party of Maldives, Thomson Locations: Maldives, Male, China, India, Sri Lanka, Malaysia, Britain, Abu Dhabi, Solih

☆ Tropical Maldives heads to polls closely watched by India and China
▼ + stars: | 2023-09-09 | by ( Mohamed Junayd | ) www.reuters.com time to read: +1 min

A Maldives national flag flutters as pigeons fly past during the morning in Male February 8, 2012. "August’s poll reveals a majority of voters, 53%, remain undecided just three weeks before the first round vote on 9 September. This month’s poll has seen the most ‘undecideds’ since Baani began its monthly poll in April," the organisation said in a statement. If no candidate manages to secure 50% plus one vote, there will be a second round vote on Sept. 30 to decide the winner. Reporting by Mohamed Junayd, writing by Uditha Jayasinghe, editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Dinuka, Ibrahim Solih, Mohamed Muizzu, Muizzu, Abdulla Yameen, undecideds, Baani, Mohamed Junayd, Uditha Jayasinghe, Nick Macfie Organizations: REUTERS, Baani, Thomson Locations: Maldives, COLOMBO, India, China

☆ Maldives Opposition Candidate Muizzu Ahead in Presidential Race -Local Media
▼ + stars: | 2023-09-09 | by ( Sept. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Maldives opposition candidate Mohamed Muizzu has edged ahead in the results announced so far in the first round of the country's presidential election race, local media reported on Saturday. Muizzu had received 46% of the votes counted to get ahead of his rival, the report said. The presidential election can run to two rounds. If no candidate gets a majority in the first round, there will be a run-off which is scheduled for Sept. 30. (Reporting by Jyoti Narayan in Bengaluru; Editing by Alexander Smith)

Persons: Mohamed Muizzu, Muizzu, Jyoti Narayan, Alexander Smith Organizations: Reuters Locations: Maldives, Bengaluru

☆ Maldives election: could be key for China, India rivalry
▼ + stars: | 2023-09-06 | by ( Mohamed Junayd | ) www.reuters.com time to read: +3 min

A Progressive Party of Maldives worker poses with an "India Out" flag in Male, Maldives, March 21, 2022. REUTERS/Alasdair Pal/File Photo Acquire Licensing RightsMALE, Sept 6 (Reuters) - A presidential election in the Maldives on Saturday could be decisive in determining whether China or India win a competition for influence over the tiny Indian Ocean island chain. While India has longstanding cultural, financial and security ties with the Maldives, China has in recent years invested in infrastructure projects as it builds closer ties and pursues its Belt and Road vision of transport and energy networks. India, which denies that, is helping to build a naval harbour for Maldivian forces, who will be trained by the Indian military. Reporting by Mohamed Junayd in Male; Writing by Krishn Kaushik; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Alasdair Pal, Ibrahim Mohamed Solih, Mohamed Muizzu, Ahmed Shaheed, Shaheed, handouts, Solih, Muizzu, Mohamed Junayd, Krishn Kaushik, Robert Birsel Organizations: Progressive Party of, REUTERS, Reuters, Baani, Progressive Party, People's National Congress, Solih's Maldivian Democratic Party, Thomson Locations: Progressive Party of Maldives, India, Male, Maldives, China, Solih's

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