Do not rule out role of of foreign hand in Male crisis: GMR

Tags: News
Days after it was unceremoniously thrown out of Maldives airport project, GMR Infrastructure today said involvement of a foreign country in Island nation's decision cannot be ruled out.

"I can't say that for sure. But, looking at the political situation and political framework in Maldives, I can't rule out anything," GMR Airports CFO Sidharth Kapur told reporters here.

He was responding to a query that whether GMR saw involvement of a foreign country like China in cancellation of its over $ 500 million contract to build and operate the Male airport.

Kapur, however, did not elaborate on the possibility of the involvement of foreign nation.

Maldives has refused to abide by a Singapore court decision that stayed the termination of GMR contract, and has said it will go ahead with its decision to takeover the airport by Friday.

GMR has so far refused to take Maldives' bait of compensation for the cancellation, saying it was in the nation for operating the airport and not for compensation.

Asked whether the company would appeal to the International Court of Justice, Kapur said, "We expect and appeal to Maldives government to honour international law."

GMR, he said, was still hopeful of an "amicable solution" to the crisis, but maintained that repeated attempts to get in touch with the Maldivian President are yet to elicit any response.

Kapur said the company was thankful for India's support to it since the beginning of the crisis and hoped New Delhi will "take everything possible from their armoury to ensure that something amicable comes out."

Asked whether the company tried to reach out to the main Opposition in Maldives, he said, "We have tried to speak to everybody so far. We are completely committed to the project."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Rajgopal Nidamboor

Let the spirit of sport pervade everyday life

Sport, like meditation, is nothing short of a spiritual act. ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture