India and Seychelles share defence and security cooperation in the strategic Indian Ocean region
India has installed six coastal surveillance radar systems in Seychelles to enable better coastal security
India has offered development assistance programmes under ITEC and IAFS
India is the 9th most important tourist market for Seychelles
US$ 48.84mn
bilateral trade value for FY 2021-22
US$ 217.2mn
FDI inflows from April 2000 to March 2021
7%
Population of Seychelles is Indians
Economy
The nation offers investment opportunities in Blue Economy, ICT, Tourism, Energy, Real Estate and Agriculture
Location
Located in the Indian Ocean, Seychelles has excellent air and sea connectivity to the Middle East, Europe, Africa and Asia.
Renewable Energy
India has signed MoU on Renewable Energy Cooperation in 2015
Shipping and Oceanography
MoU for Cooperation in Hydrography and Blue economy have been signed
Civil Aviation
Agreements were signed on bilateral air services and direct air connectivity has boosted bilateral trade and investment
Tourism
24% jump in tourist traffic to Seychelles from India in 2017
Agriculture
Both countries have signed cooperation agreements to boost agriculture
India's Exports and Imports to Seychelles
Source: Department of Commerce
Values in US $ Millions
Country / Region: SEYCHELLES
S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
---|---|---|---|---|---|---|
1. | EXPORT | 42.06 | 84.49 | 66.64 | 55.08 | 44.92 |
2. | %Growth | 100.86 | -21.12 | -17.35 | -18.45 | |
3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
5. | %Share | 0.01 | 0.03 | 0.02 | 0.02 | 0.01 |
6. | IMPORT | 1.37 | 5.27 | 4.71 | 3.64 | 3.92 |
7. | %Growth | 284.79 | -10.74 | -22.69 | 7.68 | |
8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
10. | %Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
11. | TOTAL TRADE | 43.43 | 89.76 | 71.35 | 58.72 | 48.84 |
12. | %Growth | 106.66 | -20.51 | -17.70 | -16.83 | |
13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
15. | %Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
16. | TRADE BALANCE | 40.69 | 79.21 | 61.94 | 51.44 | 41.00 |
17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
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Second Secretary (Pol/PIC) & Commerce
Beer made from malt (220300)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Whiskies (220830)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)
Cuts & edible offal of species Gallus domesticus, frozen (020714)
Meat of bovine animals, frozen, boneless (020230)
Sweet biscuits (190531)
agriexchange.apeda.gov.inSemi-milled/wholly milled rice, whether or not polished/glazed (100630)
agriexchange.apeda.gov.inCheese (excl. of 0406.10-0406.40) (040690)
Milk in powder/granules/oth. solid form, sweetened, fat content by wt. >1.5 … (040229)
Production – 167,000 tonnes (Granite, Crusher Dust)
USGSHere are the leading sectors of opportunities for foreign investors
Maintains a successful overseas branch in Victoria since 1978
Has set up mobile and internet services operations in Seychelles since 1998
TATA has supplied buses to Victoria and other regions of Mahé Island
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