India Announces $175 Million Economic Package for Seychelles, Signs 7 Key MoUs

Prime Minister Narendra Modi today announced a USD 175 million Special Economic Package for Seychelles, aimed at strengthening cooperation in areas such as social housing, e-mobility, vocational training, health, defence, and maritime security. Speaking at a joint press conference in New Delhi with Seychelles President Dr Patrick Herminie, the Prime Minister said the partnership reflects deep-rooted ties of trust, shared history, and a common vision for the future. The two countries also signed seven Memoranda of Understanding (MoUs) spanning health, digital transformation, meteorology, electronics and information technology, and good governance, further reinforcing their strategic partnership in the Indian Ocean region.