India has introduced a $175 million financial bundle for Seychelles, strengthening strategic ties, boosting development initiatives, and reinforcing maritime security cooperation within the Indian Ocean area.
Revealed: February 10, 2026 7:31 AM IST
India introduced a contemporary financial bundle of $175 million (roughly ₹1,457 crore) for Seychelles on Monday, simply days earlier than the nation celebrates 5 many years of diplomatic ties with India. Prime Minister Narendra Modi introduced the financial bundle after holding talks with Seychelles President Patrick Herminie. “Conveyed greetings of goodwill from Indians to Seychelles’ individuals as they mark 50 years of bilateral relations with India,” Modi tweeted.
A better partnership with Seychelles
The particular assistance bundle that PM Modi introduced will additional “India’s partnership with Seychelles in assist of nationwide precedence initiatives,” the PMO tweeted. “A part of this assistance will likely be in grant assist; the remaining as a line of credit score for initiatives that promote financial development and create jobs for Seychelles’ individuals,” PM Modi tweeted. Modi additionally mentioned that the nations will proceed working collectively to assist people-centric initiatives and capacity-building in sectors of nationwide precedence for Seychelles.
Tasks that will make a distinction
The Indian PM mentioned that the particular financial assistance bundle would deal with development initiatives that affect Seychelles’ individuals positively, particularly its youth. The areas of focus for the brand new credit score line had been additionally tweeted by the PMO. They embody:
- Social housing and city upgrading initiatives
- Electrical mobility initiatives and ability development
- Healthcare-related initiatives and capability constructing
- Nationwide defence and maritime area consciousness
“A brand new chapter in our cooperation with Seychelles as we assist its development priorities. Actual affect for Seychelles’ individuals, particularly youth,” Modi tweeted.
Joint imaginative and prescient doc on SESEL
India and Seychelles signed a Joint Imaginative and prescient doc on Sustainability, Financial Development and Security by Enhanced Linkages (SESEL) throughout Herminie’s go to to New Delhi. The 2 nations share frequent stakes in addressing world challenges corresponding to local weather motion, local weather change, renewable power and sustainable financing amongst others.
Of their imaginative and prescient assertion, each nations agreed to deepen cooperation on investments, digital connectivity, tourism infrastructure and individuals to individuals ties amongst different sectors.
“A deal with maritime area throughout PM Modi’s talks with Seychelles President Patrick Herminie underlines our convergence on a free, open and secure Indian Ocean Area (IOR). We’re maritime neighbours and sturdy companions in maritime security,” international secretary Harsh Vardhan Shringla mentioned in a tweet.
In gentle of rising geopolitical tensions in IOR, each leaders agreed to enhance collaboration between India and Seychelles in maritime area consciousness and surveillance, capacity-building, joint coaching and intelligence-sharing to counter terror threats, unlawful fishing, piracy and trafficking of narcotics amongst different areas.
MoUs signed between India and Seychelles
As well as to saying the financial bundle and signing the SESEL imaginative and prescient doc, the 2 nations signed a number of MoUs on digital public infrastructure, capability constructing for civil companies personnel, cooperation in conventional drugs and cultural exchanges.
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