India-Seychelles Trade and Investment Ties Gain Momentum with Stronger Connectivity and Renewable Energy Cooperation
- IBEF
- June 29, 2026
India and Seychelles are strengthening their economic partnership through expanding trade, investment, connectivity and cooperation in renewable energy and the blue economy. During 2023-24, bilateral trade reached Rs. 703 crore (US$ 84.88 million), reflecting nearly 15% growth over the previous financial year. India exported goods worth Rs. 631 crore (US$ 76.19 million), while imports from Seychelles stood at Rs. 72 crore (US$ 8.69 million). Trade remained steady during April 2024-February 2025, with total bilateral trade reaching Rs. 617 crore (US$ 72.92 million), including Indian exports of Rs. 580 crore (US$ 68.64 million) and imports worth Rs. 36 crore (US$ 4.28 million). Indian companies such as Bank of Baroda, Bharti Airtel, Tata Motors and Ashok Leyland have expanded their presence in Seychelles, while improved air connectivity, including IndiGo's four weekly direct flights between Mumbai and Mahé launched in 2025, is supporting tourism, business travel and people-to-people exchanges.
Cooperation between the two countries has also deepened through renewable energy, financial cooperation and the blue economy. Seychelles became one of the founding members of the International Solar Alliance (ISA) in 2017 and has partnered with India on several clean energy initiatives, including a five-metric-tonne solar-powered cold storage facility commissioned on Praslin Island in 2024. Additional projects involving solar rooftop systems, solar pumps and solar chillers are planned under the Quad Climate Initiative. The Blue Economy Protocol signed in 2015 continues to strengthen collaboration in sustainable marine resource management and environmental conservation, while the Tax Information Exchange Agreement has enhanced financial transparency and economic cooperation. Prime Minister Mr. Narendra Modi's upcoming State Visit is expected to provide fresh momentum to bilateral trade, investment and sustainable development initiatives, further reinforcing India's role as a trusted development partner in the Indian Ocean region.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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