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India and Seychelles signed a $175 million Special Economic Package aimed at supporting several sectors, including social housing, e-mobility, vocational training, health, defense, and maritime security. The agreement was reached during discussions between Indian Prime Minister Narendra Modi and Seychelles President Patrick Herminie, who is on a state visit from February 5 to 10.

The package comprises $125 million as a rupee-denominated line of credit and $50 million in grant assistance. Additionally, various Memoranda of Understanding were signed to deepen cooperation and enhance bilateral relations.