GMR to seek damages

Seeking a compensation of over $800 million from the government of Maldives Indian infrastructure company GMR is mulling to sue against the government in an international arbitration tribunal. GMR was forced to hand over Male airport to the Maldives government recently. The Indian company GMR, which was operating the Ibrahim Nasir International Airport at Male at an investment of $511 million, says it feels cheated for having the contract cancelled over an illegal component – airport development charge – present in it, which they were not aware of.