New Delhi witnessed a landmark moment in India-Seychelles relations as Prime Minister Narendra Modi announced a substantial $175 million economic package during his meeting with Seychelles President Dr. Patrick Herminie on Monday. The leaders gathered at Hyderabad House to discuss deepening bilateral cooperation across key sectors.
PM Modi emphasized the enduring foundation of development partnership in their relationship. ‘We are committed to exploring new opportunities to strengthen our economic collaboration,’ he stated. The package aims to enhance trade in local currencies, advance fintech and digital solutions, and align with Seychelles’ priorities. This initiative underscores India’s proactive role in supporting its Indian Ocean neighbor.
President Herminie, on his first state visit to India as president, expressed profound gratitude for the warm hospitality. He highlighted the historic timing, noting that June will mark the golden jubilee of diplomatic ties between the two nations. ‘This visit reflects our longstanding friendship and mutual respect,’ he said.
The discussions delved into expanding trade, investment, and private sector linkages, converting goodwill into tangible economic activity. Health cooperation emerged as a strategic pillar, with focused talks on project-based support and lines of credit. Maritime security in the Indian Ocean region and regional stability were central themes, alongside shared perspectives on global forums like G20 and BRICS.
Herminie stressed the importance of continuous engagement to promote peace, stability, and sustainable development. This economic package not only fortifies bilateral bonds but also signals India’s growing influence in fostering regional prosperity. As both leaders look ahead, their partnership promises mutual benefits and strategic alignment in an evolving geopolitical landscape.