Feb 10 • 06:10 UTC 🇮🇳 India Aaj Tak (Hindi)

What did PM Modi say about the MoU with Seychelles?

PM Modi announced a $175 million economic package for Seychelles focusing on critical areas like social housing, vocational training, healthcare security, and maritime security.

Indian Prime Minister Narendra Modi has announced a special economic package of $175 million for Seychelles, aimed at addressing the country's priorities. This comprehensive package will target various essential sectors including social housing, vocational training, healthcare security, and maritime security. The initiative is expected to bolster Seychelles' efforts in enhancing the quality of life for its citizens through significant investment in infrastructure and services.

The economic assistance will create new employment opportunities and skill development avenues for the youth of Seychelles, which is crucial for the nation's socio-economic progress. By investing in vocational training, the program aims to equip young people with necessary skills that align with the demands of the job market. This endeavor not only reflects India's commitment to strengthening bilateral ties with Seychelles but also its role in supporting regional stability and growth through focused economic collaboration.

Moreover, the emphasis on maritime security as part of the package underscores India's strategic interest in the Indian Ocean region. As Seychelles is strategically located, enhancing maritime safety contributes to India's broader objectives of ensuring security in international waters and countering piracy and other security threats. The announcement has been well received, emphasizing the deepening partnership between India and Seychelles, which is expected to yield significant benefits for both nations in the long run.

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