PM Modi Announces $175 Million Aid to Seychelles, Boosts Economic & Security Ties

• India pledges $175 million in development assistance to Seychelles, including a $125 million Line of Credit and $50 million grant.
• The aid aims to bolster economic and security cooperation, covering social housing, e-mobility, vocational training, health, and defense.
• Seven agreements signed in areas like digital solutions, exports, data sharing, and maritime scientific research.
• Seychelles to establish a Hydrographic Unit with Indian assistance to support its blue economy.
• Seychelles joins the Colombo Security Conclave, enhancing regional peace and stability efforts in the Indian Ocean.