New Delhi, February 9: Indian Prime Minister Narendra Modi met with Seychelles President Dr. Patrick Herminie on Monday. The leaders discussed bilateral cooperation and announced a significant economic package of $175 million.
While announcing the economic package, Prime Minister Modi stated, “We agree to continue seeking new opportunities to strengthen our economic cooperation. In addition to increasing trade in local currencies, we will also advance in fintech and digital solutions. Development partnership has been a strong foundation for India-Seychelles relations. All our efforts are based on Seychelles’ priorities and needs. Today, we are pleased to announce a special economic package of $175 million.”
President Dr. Patrick Herminie expressed his honor in visiting Hyderabad House as the President of Seychelles for the first time. He thanked Prime Minister Modi and the people of India for their warm hospitality. “This visit reflects the long-standing friendship and mutual respect between Seychelles and India, especially as this year marks a significant milestone in our relations. In June, Seychelles and India will celebrate the golden jubilee of our diplomatic ties,” he noted.
He further mentioned, “We explored opportunities for trade, investment, and increased cooperation between our countries, focusing on the business and private sector aspects. Enhancing these linkages is essential to translate goodwill into continuous economic activity. Health cooperation has been a longstanding and rapidly growing strategic pillar of Seychelles-India relations and was a key focus of this visit.”
President Herminie emphasized, “Our discussions particularly focused on economic engagement and support for development. We talked about advancing priority initiatives through appropriate development cooperation instruments, including project-based support and lines of credit. Maritime security and regional stability in the Indian Ocean remain central to our relationship.”
He added, “We also share perspectives on regional and global issues of mutual benefit, including developments in the Indian Ocean region and India’s growing role in multilateral forums like G20 and BRICS. In this context, we stress the importance of continuous engagement to promote peace, stability, and sustainable development.”
