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India Announces $175 Million Economic Package to Seychelles During President Herminie's State Visit
Prime Minister Narendra Modi announced a $175 million special economic package for Seychelles on February 9, 2026, during a state visit by President Patrick Herminie, marking 50 years of diplomatic ties. The package supports projects in social housing, e-mobility, health, defence, and maritime security.
Why It Matters
Strengthens India-Seychelles strategic partnership in the Indian Ocean, enhances maritime security, economic development, and people-to-people ties amid 50 years of diplomacy.
Timeline
7 Events
Seychelles Welcomed to Colombo Security Conclave
February 9, 2026
PM Modi welcomes Seychelles to the Colombo Security Conclave to boost maritime security cooperation.[4]
Signing of Multiple MoUs
February 9, 2026
India and Seychelles sign MoUs on pharmacopoeial cooperation, cultural exchange (2026-2030), digital transformation, food procurement, and others.[4][6]
Launch of India-Seychelles Joint Vision (SESEL)
February 9, 2026
Leaders announce Joint Vision for Sustainability, Economic Growth, and Security through Enhanced Linkages (SESEL), with focus on defence, blue economy, and development.[4][5]
Announcement of $175 Million Economic Package
February 9, 2026
PM Modi announces $175 million special economic package during joint press meet, including $125 million line of credit and $50 million grant for social housing, e-mobility, vocational training, health, defence, and maritime security.[1][2][5]
Bilateral Meeting at Hyderabad House
February 9, 2026
Prime Minister Narendra Modi and President Herminie hold bilateral talks at Hyderabad House.[1][3]
President Herminie Pays Tribute at Rajghat
February 9, 2026
President Herminie pays tributes to Mahatma Gandhi at Rajghat in New Delhi.[1]
Seychelles President Patrick Herminie Arrives in India
February 8, 2026
President Herminie arrives in New Delhi after engagements in Chennai and Mumbai, starting his first state visit to India since October 2025.[1]