President Dr. Mohamed Muizzu has expressed that the Maldives is looking to India as a model for technology and innovation in its pursuit of a digital revolution. He made this statement at the third edition of the India Maldives Business Forum in Bangalore.
During the forum, President Muizzu highlighted that the next five years will usher in significant innovations for the economy, particularly through the introduction of e-wallets, which he believes will modernize and transform the financial system.
He noted that the launch of the Indian RuPay Card represents a key milestone in the Maldives’ journey toward an integrated economy with India. This initiative underscores his government’s commitment to supporting the growth of small and medium enterprises by facilitating business operations and providing easier access to international financial and e-commerce platforms.
Additionally, the President emphasized his administration’s focus on expanding the creative economy. To this end, the government has introduced the Maldives Creative Economic Strategy, aimed at transitioning from technology-dependent industries to a greater emphasis on the arts and media.
Reiterating the country's direction toward a digital revolution, the President outlined plans to digitize all sectors, including higher education. He emphasized the importance of enhancing cooperation in ICT education, leveraging the expertise and resources available in Bangalore's Silicon Valley, and strengthening bilateral relations to achieve these goals.