New Delhi: Top Maldivian businessman Mohamed Ali Jana, who is on a visit to India, has said that his country is witnessing economic recovery even as the impact of the COVID pandemic subsides.
Maldives, which is largely dependent on tourism, was hit hard by the crisis.
Expressing confidence Jana while talking to WION said, “We have been able to manage things. On the economic front, we were hit very badly. Restaurants, boating were very badly affected. In the initial phase, They had to shut down for a long time period.”
“Slow recovery is happening now. Wouldn’t say people weren’t hit. The industry has been hit very badly but the good news is we are on a recovery path. Next year and 2023 will be great for Maldives In the worst of times, we have managed to way beyond people’s expectations,” he explained.
Being the Chairman of Hotels & Resorts Construction Pvt Ltd, his current project portfolio is more than USD 300 million. Janah expects to receive more investments during her visit to India and is expected to start new projects.
Being closely associated with the tourism industry, he said tourists are coming back which is a sign of a return to normalcy.
He said, “India was the savior. Indian tourists started coming, Russian tourists started coming. I would say India, Russia saved Maldives this time. As you can see the numbers, by July this year 132,000 Russians and 100,000 Indians went . had visited.”
Maldives opened to Indian tourists from July 15 as the country announced that it would issue tourist visa on arrival to South Asian travelers.
In May, the entry of tourists was suspended as there was an increase in the cases of COVID in the region and the second wave of the COVID crisis in India was devastating. A large number of people associated with the hotel industry of Maldives have also been vaccinated.
On the relationship, he said, “The current political relations between India and Maldives are at their best. This creates a lot of new opportunities for the businessmen of both the countries to take advantage of the business transactions between the two countries”
Jana, who also heads the Maldivian Employees’ National Association, suggested that India could help in capacity building in his country, especially in the tourism and hotel sector.
Appreciating the Indian workers in his country, he said, “One thing good for us is that we also have an illegal labor problem.. to rely on the Indian diaspora community”.
Maldivian industry has a rule that any resort must have 45% Maldivians and 55% expatriates.
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