India-Seychelles sign 7 pacts on trade, digital payments and farm ties

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India-Seychelles sign 7 pacts on trade, digital payments and farm ties

Synopsis

Prime Minister Modi's first visit to Seychelles yielded a ₹1,250 crore line of credit, a $175 million special economic package, and agreements spanning outer space to seafarer certification — all on the 50th anniversary of diplomatic ties. The breadth of the deals signals India is systematically locking in Indian Ocean partnerships as strategic competition in the region intensifies.

Key Takeaways

India and Seychelles signed multiple bilateral agreements on 28 June during PM Modi's three-day State Visit to Victoria .
An umbrella line of credit of ₹1,250 crore was signed between the Export-Import Bank of India and Seychelles' finance ministry.
India's Special Economic Package of $175 million covers social housing, e-mobility, health, defence, and maritime security.
New Delhi gifted six ambulances , 500 metric tonnes of rice , and 8,500 metric tonnes of cement as humanitarian assistance.
Both sides agreed to establish a new Seychelles National Hospital and broke ground on a Professional and Technical Education Centre .
The visit marks the 50th anniversary of India-Seychelles diplomatic relations; Modi attended as Guest of Honour at Seychelles' National Day.

India and Seychelles on Sunday, 28 June signed a clutch of bilateral agreements spanning trade, digital technology, agriculture, and maritime cooperation, following summit-level talks between Prime Minister Narendra Modi and Seychelles President Patrick Herminie at the State House in Victoria. The pacts were concluded during Modi's three-day State Visit to the Indian Ocean nation — his first — which coincides with the 50th anniversary of diplomatic relations between the two countries.

Key Agreements Signed

The centrepiece financial commitment is an umbrella line of credit of ₹1,250 crore between the Export-Import Bank of India and Seychelles' Ministry of Finance, Economic Planning, Trade and Investment. This sits within a broader Special Economic Package of $175 million — comprising $125 million in a rupee-denominated line of credit and $50 million in grant assistance — directed at priority projects in social housing, e-mobility, vocational training, health, defence, and maritime security.

Additional pacts covered cooperation in agricultural research and education, mutual recognition of training and certification for seafarers serving on Seychelles-flagged vessels, and collaboration in the peaceful exploration of outer space. The two sides also agreed to begin preliminary work on establishing a new Seychelles National Hospital.

What Prime Minister Modi Announced

Modi reaffirmed India's commitment to deepening the bilateral relationship, proposing direct shipping links, increased trade in local currencies, and greater connectivity to promote trade and tourism. He announced the gifting of six ambulances, access to affordable medicines under India's Janaushadhi Scheme, and training for Seychellois medical personnel.

India also committed to sports training, youth exchange programmes, and promoting Seychelles as a creative and filming destination. New Delhi extended humanitarian and development assistance through the supply of 500 metric tonnes of rice and 8,500 metric tonnes of cement.

Joint Initiatives and Groundbreakings

Both leaders participated in the virtual groundbreaking of the India-assisted Professional and Technical Education Centre and jointly inaugurated three solar water pumping systems under the International Solar Alliance. They also unveiled a commemorative logo marking 50 years of India-Seychelles diplomatic ties.

President Herminie reaffirmed progress in implementing the Joint Vision for Sustainability, Economic Growth and Security through Enhanced Linkages (SESEL), adopted in February 2025. He highlighted food security, parliamentary cooperation, and the strengthening of historic ties as key areas of focus.

Strategic Significance for the Indian Ocean Region

This comes amid India's sustained effort to deepen its footprint across the Indian Ocean Island states, where China has also been expanding infrastructure investments. Seychelles' strategic location — astride key maritime trade routes — makes the defence and maritime security components of the package particularly significant. Notably, this is Modi's first visit to Seychelles as Prime Minister, and his attendance as Guest of Honour at the country's National Day celebrations underscores the symbolic weight New Delhi is placing on the relationship.

The breadth of Sunday's agreements — from outer space cooperation to local currency trade — signals a deliberate effort to embed the partnership across multiple sectors, reducing its dependence on any single pillar.

Point of View

Making the relationship harder to dislodge. The ₹1,250 crore line of credit and $175 million package are not large by global standards, but in the context of a small island nation, they carry outsized leverage. What mainstream coverage underplays is the defence and maritime security thread running through the package: Seychelles sits astride critical Indian Ocean shipping lanes, and India's infrastructure commitments here are as much about strategic positioning as development goodwill. The 50th-anniversary framing also gives New Delhi a diplomatic reset moment — the question is whether these agreements translate into operational depth or remain ceremonial.
NationPress
28 Jun 2026

Frequently Asked Questions

What agreements did India and Seychelles sign on 28 June 2025?
India and Seychelles signed multiple bilateral pacts covering trade, digital technology, agriculture, seafarer certification, outer space cooperation, and the establishment of a new national hospital. The centrepiece was a ₹1,250 crore umbrella line of credit between the Export-Import Bank of India and Seychelles' finance ministry.
What is India's Special Economic Package for Seychelles?
India's Special Economic Package for Seychelles totals $175 million, comprising $125 million in a rupee-denominated line of credit and $50 million in grant assistance. It is directed at priority projects in social housing, e-mobility, vocational training, health, defence, and maritime security.
Why is PM Modi's visit to Seychelles significant?
The visit is Modi's first State Visit to Seychelles as Prime Minister and coincides with the 50th anniversary of diplomatic relations between the two countries. Modi also attended Seychelles' National Day celebrations as Guest of Honour, underscoring the symbolic and strategic importance New Delhi places on the relationship.
What humanitarian assistance did India provide to Seychelles?
India gifted six ambulances, extended access to affordable medicines under the Janaushadhi Scheme, and supplied 500 metric tonnes of rice and 8,500 metric tonnes of cement as humanitarian and development assistance.
What is the SESEL joint vision between India and Seychelles?
SESEL stands for the Joint Vision for Sustainability, Economic Growth and Security through Enhanced Linkages, adopted by both countries in February 2025. President Herminie reaffirmed progress in its implementation during the summit talks on 28 June.
Nation Press
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