New Delhi, Feb 9 (NationPress) Describing development partnership as a solid foundation for New Delhi-Victoria relations, Prime Minister Narendra Modi announced a special economic package of $175 million for Seychelles to assist in various sectors such as social housing, e-mobility, vocational training, health, defense, and maritime security.

During a joint press conference with Seychelles President Patrick Herminie after their discussions at Hyderabad House in Delhi, PM Modi remarked, "Development partnership has been a strong foundation of India-Seychelles relations. All our efforts have been aligned with Seychelles' priorities and needs. Today, we are announcing a Special Economic Package of $175 million. This package will support concrete projects in sectors such as social housing, e-mobility, vocational training, health, defense, and maritime security."

According to the Prime Minister, these initiatives will generate employment and skill development opportunities for the Seychellois population, particularly the youth.

"India's ITEC program has significantly contributed to capacity building in Seychelles. I am pleased to announce that a Memorandum of Understanding (MoU) is being signed today for the training of Seychellois civil servants in India," he added.

PM Modi also stated that India and Seychelles are committed to discovering new avenues to enhance economic collaboration. He mentioned that both nations will progress in fintech and digital solutions and advocate for trade in local currencies.

"India and Seychelles share bonds that transcend diplomatic relations. The Indian Ocean's waves have united our peoples for centuries. On its shores, trade has flourished, cultures have blended, and faith traditions have strengthened. Our connection is not merely geographical; it is rooted in history, trust, and a unified vision for the future," he stated.

PM Modi highlighted Seychelles as a vital component of India's MAHASAGAR Vision, asserting, "Our relationship encompasses the past, the present, and the future. As a maritime neighbor and reliable partner, Seychelles is a crucial part of India's MAHASAGAR Vision. Our collaboration extends across land, sea, and air."

He warmly welcomed Herminie and his delegation to India and congratulated him on his election as President of Seychelles.

"This marks his first visit to India as President, coinciding with a significant year as Seychelles celebrates its 50th Independence Day and we acknowledge the 50th anniversary of our diplomatic relations. I am confident that these milestones will continue to inspire us to achieve greater heights," he concluded.