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India Extends $100 Million To Seychelles, Green Light to Assumption Island Project

ANANYA BHATNAGAR | 0
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| June 25 , 2018 , 17:57 IST

India on Monday announced a $100 million line of credit to Seychelles to develop its defence and maritime capabilities. India also presented a Dornier aircraft to Seychelles. The two countries also signed 6 Memorandums of Understanding (MoUs).

Prime Minister Narendra Modi while addressing a joint press meet said, "I feel pleasure in announcing a credit of $100 million for Seychelles defence. With this credit Seychelles will be able to buy defence equipments from India to build its maritime capacity."

Modi also said, “With India's support, Seychelles will be able to tackle both traditional as well as non-traditional maritime challenges and will be able to safeguard its maritime resources.”

 

Speaking on the Assumption Island project Modi added, “On the issue of Assumption Island, we are ready to work together on the basis of each other's interest."

Taking the dialogue further, Seychelles President responded, “In the context of maritime security, Assumption Island was discussed. We are equally engaged and will continue to work together bearing each other's interest in mind.”

During Seychelles President Danny Faure’s visit to India, the two nations have signed six Memorandums of Understanding (MoUs) in the field of culture, cyber security, maritime safety and security cooperation, diplomacy and infrastructure development.

This is Danny Faure's first visit to India. He was invited by the President of India, Ram Nath Kovind. He visited Ahmedabad and Goa before landing in Delhi. 

 

Seychelles President Danny Faure during the media dialogue said, "We will benefit from a second line of credit that will help the infrastructure of our military (and) defence forces in Seychelles. Through a grant, we will build a new government house. We will also build a new police headquarters and a new building for the Attorney General's office."

PM Narendra Modi assured that the Dornier Aircraft would be presented to Seychelles before its national day which is celebrated on June 29.

 

The pact on the Assumption Island military facility, between India and Seychelles, was first signed in 2015 during Prime Minister Modi’s visit to Seychelles. An updated version of the original pact was finalized by the two sides earlier this year. This military facility would give India a strategic advantage in the Indian Ocean.