India announces USD 175 million Special Economic Package for Seychelles

This joint statement, issued during the State Visit of the President of Seychelles to India in February 2026, outlines a 'Joint Vision for Sustainability, Economic Growth and Security through Enhanced Linkages (SESEL)' to deepen the bilateral partnership between India and Seychelles. It covers commitments in development, defence, maritime security, digital infrastructure, and trade.

Who it concerns: The agreement involves the Government of India and the Government of Seychelles. It affects sectors including defence, maritime security, healthcare, digital infrastructure, renewable energy, hydrography, tourism, and essential commodities. Specific entities mentioned include the Seychelles Defence Forces (SDF), the National Centre for Good Governance (NCGG), and the Sushma Swaraj Institute of Foreign Service.

What was agreed

• India announced a 'Special Economic Package' of USD 175 million, comprising a USD 125 million Rupee-denominated Line of Credit and USD 50 million in Grant assistance.
• India agreed to build Digital Public Infrastructure (DPI), including digital payments, in Seychelles.
• India donated 10 ambulances and 1,000 metric tons of grains to Seychelles.
• Seychelles will establish a Seychelles Hydrographic Unit (SHU) with Indian assistance, with the 3rd Joint Committee Meeting on Hydrography scheduled for early 2026.
• Seychelles agreed to join the Coalition for Disaster Resilient Infrastructure (CDRI).
• India agreed to provide technical assistance for power grid management and green public transport transition.
• Both sides agreed to support the construction of a new hospital in Seychelles and recognize the Indian Pharmacopoeia for medicine procurement.

Also in the document

• The USD 175 million Special Economic Package is a significant financial commitment for development, capacity building, and maritime security.
• The agreement includes specific donations of 1,000 metric tons of grains and 10 ambulances to address food security and emergency health services.
• Seychelles is formally joining the Coalition for Disaster Resilient Infrastructure (CDRI).
• The partnership is framed within India's Vision MAHASAGAR for the Western Indian Ocean Region.