India and Seychelles continue to deepen their economic relationship by expanding cooperation across trade, investment, transportation, renewable energy, and sustainable development. The growing partnership reflects both countries’ commitment to strengthening commercial ties while creating new opportunities for long-term collaboration in strategic sectors.
Bilateral trade posted strong growth during the 2023-24 financial year, reaching approximately $84.88 million, representing an increase of nearly 15% compared to the previous year. India remained the dominant exporter, shipping goods valued at roughly $76.19 million, while imports from Seychelles totaled about $8.69 million. The steady rise in trade highlights the expanding commercial relationship and increasing demand for goods exchanged between the two nations.
Trade activity remained stable during the April 2024 through February 2025 period. During those months, total bilateral trade stood at approximately $72.92 million. Indian exports accounted for nearly $68.64 million, while imports from Seychelles were valued at around $4.28 million. These figures demonstrate that economic engagement has continued despite broader global market uncertainties, reinforcing the resilience of the partnership.
Several leading Indian businesses have expanded operations in Seychelles, contributing to the country’s banking, telecommunications, and automotive sectors. Companies including Bank of Baroda, Bharti Airtel, Tata Motors, and Ashok Leyland have strengthened their presence, supporting investment and commercial growth. Improved transportation links have also enhanced bilateral engagement. IndiGo’s launch of four direct weekly flights connecting Mumbai and Mahé in 2025 has made travel more convenient for tourists, business professionals, and members of the Indian diaspora, encouraging stronger people-to-people connections.
Beyond commerce, India and Seychelles have broadened cooperation in renewable energy and environmental sustainability. As one of the founding members of the International Solar Alliance in 2017, Seychelles has partnered with India on multiple clean energy projects. A notable achievement includes the commissioning of a solar-powered cold storage facility with a five-metric-ton capacity on Praslin Island in 2024. Additional initiatives involving rooftop solar installations, solar-powered irrigation pumps, and solar chillers are expected to move forward under the Quad Climate Initiative.
Environmental collaboration also remains a central pillar of bilateral relations. The Blue Economy Protocol signed in 2015 continues to promote responsible marine resource management and ocean conservation, while the Tax Information Exchange Agreement has strengthened financial transparency and economic cooperation. Prime Minister Narendra Modi’s upcoming state visit is expected to provide additional momentum for trade, investment, renewable energy, and sustainable development projects, further solidifying India’s position as a dependable development partner for Seychelles and the wider Indian Ocean region.
