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International cooperation

India Eyes Revival of Partnership with Seychelles

Strategic Insights

— 1 min read

As Patrick Herminie's victory in the recent presidential election in Seychelles sparks new hope for reinvigorating the India-Seychelles partnership, India has expressed its enthusiasm for deepening bilateral ties in areas such as tourism, investments, and defence cooperation. The Seychelles government's initiatives to modernize housing infrastructure and encourage private sector participation present opportunities for Indian investment in affordable housing projects, green building technologies, and mixed-use developments. With its stable legal environment and attractive landscape, Seychelles is an attractive destination for upscale residential and commercial real estate ventures.

Key Takeaways:

  • India is likely to revive its proposal to set up a presence on the Assumption Islands to assist Seychelles with its coast guard facility, citing the importance of a secure, stable, and open Indian Ocean Region (IOR).
  • The Seychelles government's initiatives to modernize housing infrastructure and encourage private sector participation open avenues for Indian investment in affordable housing projects, green building technologies, and mixed-use developments.
  • The archipelago nation's growing urban population, expanding middle class, and increasing demand from expatriates and diaspora investors drive the need for quality housing and real estate development.
  • Seychelles' changing demographic presents a unique set of challenges for its population and administration.
  • The Seychelles serves as a crucial partner for India in ensuring a secure, stable, and open IOR, with a vast exclusive economic zone (EEZ) providing a valuable area for cooperation in fisheries management, marine research, and surveillance.

Statistics:

  • Seychelles has a growing urban population, with the population largely spread across three main islands.
  • The Seychelles government has initiated plans to modernize housing infrastructure and encourage private sector participation.
  • India is keen to support the Seychelles in boosting its coast guard facility with a proposed presence on the Assumption Islands.
  • The Seychelles has a vast EEZ, providing valuable opportunities for cooperation in fisheries management, marine research, and surveillance.

Sources:

  • The victory of Patrick Herminie in last week's presidential elections in Seychelles has raised hopes of re-energising the India-Seychelles partnership that tapered during the last five years. (Source: The Hindu, 27 Oct 2023)
  • The Seychelles government's initiatives to modernise housing infrastructure and encourage private sector participation open avenues for investment in affordable housing projects, green building technologies, and mixed-use developments. (Source: Seychelles News Agency, 20 Oct 2023)
  • The Indian Ocean is our shared heritage, and it is essential to have a secure, stable, and open IOR. (Source: Prime Minister Narendra Modi's message on X, 22 Oct 2023)

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