India Hands Over 500 t Rice And 8500 t Cement To Seychelles
An Umbrella Line of Credit agreement was established between the Government of Seychelles and the Export-Import Bank of India, creating a financing framework under which Seychelles may access Indian credit for approved projects. The arrangement is intended to facilitate concessional financing for infrastructure and development priorities identified by Seychelles authorities. Officials framed the facility as enabling project level cooperation rather than conditional aid.
Legal and security cooperation was advanced with the signing of an extradition treaty aimed at strengthening cooperation against transnational crime. To bolster maritime and internal security, India gifted a fast patrol vessel, 10 utility vehicles and five sets of Laser Radial class boats to the Seychelles Defence Forces. The package of defence equipment was presented as part of India’s effort to act as a net security provider in the Indian Ocean region.
India reiterated that its development partnership model focuses on grants, concessional financing, capacity building and humanitarian assistance based on local priorities rather than conditionality. The combined measures of material aid, credit lines and security cooperation were characterised as furthering durable bilateral engagement and responding to Seychelles’ development and security requirements. Officials indicated the cooperation aimed to support the island nation’s resilience and regional connectivity.