India–Seychelles: a ₹1,250-cr line of credit and an 'Ocean of Opportunity'

Why it matters

India's neighbourhood-first and SAGAR vision run through the Indian Ocean. Deepening ties with Seychelles strengthens maritime security, the blue economy and India's counter to other powers in the region — prime Mains IR material.

Key points

An umbrella line of credit worth about ₹1,250 crore, extended in rupees, funds priority development projects. PM Modi framed the vision as making the Indian Ocean an 'Ocean of Opportunity'. UPI interoperability with Seychelles is targeted by year-end.

Background

Seychelles is a small but strategically located Indian Ocean state; India is a long-standing development and security partner.