Indian Prime Minister Narendra Modi met former Maldivian President Mohamed Nasheed and other top leaders during his visit to the Maldives, calling the country a “valued pillar” of India’s ‘Neighbourhood First’ policy and Mahasagar vision, Firstpost reported.

He will attend the Maldives’ Independence Day celebrations as chief guest. The visit marks a reset in ties following recent tensions.

India announced a $565m line of credit and signed six agreements in fisheries, digital infrastructure, meteorology, and finance. The two sides also agreed to cut Maldives’ annual debt repayment burden by 40 percent, according to Firstpost.

Modi called the talks productive, adding, “Our relations are older than history and as deep as the ocean. For us, it is always friendship first.”