India Unveils Major $175 Million Growth Boost for Seychelles
India has announced a $175 million economic assistance package for Seychelles, reaffirming its commitment to deepening ties with the Indian Ocean nation. The announcement followed high-level bilateral talks between Prime Minister Narendra Modi and Seychelles President Patrick Herminie in New Delhi, where both leaders discussed development priorities, regional security, and long-term cooperation.
Officials described the package as part of India’s broader outreach to Indian Ocean partners, aimed at promoting stability, sustainable growth, and people-centric development. The initiative is expected to strengthen Seychelles’ economic foundations while supporting regional peace and cooperation.
Structure of the Economic Assistance Package
The assistance package includes a $125 million line of credit and a $50 million grant, designed to support priority development projects identified by the Seychelles government. Indian officials said the focus is on sectors that deliver direct social and economic benefits. Key areas of support include:
- Social housing and urban development
- Electric mobility and sustainable transport
- Vocational training and skill development
- Healthcare infrastructure and public health services
- Defence and maritime security projects
The projects are expected to create employment opportunities, enhance skills among youth, and improve access to essential services across the island nation.
Maritime Security Emerges as a Key Priority for Both Nations
Maritime security and defence cooperation featured prominently in the discussions. Prime Minister Modi reiterated India’s continued support to Seychelles in strengthening its maritime capabilities and safeguarding its territorial waters.
Seychelles was welcomed as a full member of the Colombo Security Conclave, a regional framework focused on maritime safety and security in the Indian Ocean. Leaders said this step would improve coordination, information sharing, and joint responses to shared security challenges.
New Bilateral Agreements Expand Ocean and Scientific Cooperation
During the visit, India and Seychelles signed seven bilateral agreements, expanding cooperation in ocean-related and technical fields. These include agreements on ocean observation, maritime scientific research, capacity building, and data sharing.
India also announced support for setting up a hydrographic unit in Seychelles, which will enhance maritime mapping, navigation safety, and scientific research. Officials noted that this cooperation would contribute to safer sea lanes and improved regional maritime awareness.
India and Seychelles Reaffirm Security in the Indian Region
Both leaders reaffirmed their commitment to a free, open, safe, and secure Indian Ocean Region, guided by international law and freedom of navigation. They agreed to work together to counter common maritime and transnational threats, including:
- Piracy and maritime crime
- Drug and human trafficking
- Illegal, unreported, and unregulated fishing
- Transnational organised crime
The partnership was described as essential for maintaining stability in the Western Indian Ocean.
Trade Digital Innovation and People Centric Growth Take Shape Ahead
Beyond security, India and Seychelles agreed to deepen cooperation in trade, fintech, and digital solutions, including promoting transactions in local currencies. Leaders said these efforts would support economic resilience, innovation, and inclusive growth.
Officials emphasised that the India–Seychelles partnership remains people-centric, built on trust, shared values, and a common vision for regional prosperity. The expanded cooperation is expected to deliver long-term benefits for citizens of both countries.
India has announced a $175 million economic assistance package for Seychelles, reaffirming its commitment to deepening ties with the Indian Ocean nation. …
The White House has released a detailed fact sheet outlining the 'path forward' for the newly announced India–US trade agreement, describing it …
India’s Union Budget 2026-27 has put youth empowerment at the center of the nation’s economic strategy. Recognizing the potential of young Indians …
Arijit Singh Moves Beyond Playback Singing Signals New Era Tuesday night unfolded like any other for music lovers scrolling through […]
Walking vs Gym: Unlock Effective Weight Loss After 40 Losing weight after 40 can feel more challenging than it used […]
10 Daily Habits That Naturally Control Blood Sugar Levels Controlling blood sugar is not about fear, restriction, or complicated routines. […]