India okays $175m package for Seychelles, inks 7 agreements

India has announced a $175 million economic package for Seychelles, including a $125 million line of credit and a $50 million grant, to support projects in housing, health, and defence. The two nations also signed seven pacts, strengthening maritime security and cooperation in the Indian Ocean. This collaboration aims to enhance regional stability and counter transnational maritime challenges.

India okays $175m package for Seychelles, inks 7 agreements
India has announced a $175 million economic package for Seychelles, including a $125 million line of credit and a $50 million grant, to support projects in housing, health, and defence. The two nations also signed seven pacts, strengthening maritime security and cooperation in the Indian Ocean. This collaboration aims to enhance regional stability and counter transnational maritime challenges.