News – India opens treasury for Seychelles, economic and security relations will get new momentum

India has taken a new height to economic and diplomatic relations with Seychelles, its strategic partner country in the Indian Ocean region. Development partnership was kept at the center of bilateral talks between Prime Minister Narendra Modi and Seychelles President Dr. Patrick Herminy in New Delhi on Monday. During this, both the leaders adopted the ‘Seychelle’ vision, whose objective is to promote stability, economic development and security. India has also announced a special economic package to meet the development needs of Seychelles, which will strengthen its infrastructure and public housing sector. The Seychelles Vision and Special Economic Package was the most important document of this high level meeting. According to the Ministry of External Affairs, under this vision, India has announced a special economic package for Seychelles. This fund will be mainly spent in areas like public housing, mobility, infrastructure, capacity building and maritime security. Prime Minister Modi and President Harmini emphasized that this partnership is not limited to bilateral relations only, but also reflects India’s commitment towards the Global South.