Seychelles seeks investments from India
Seeking investments, Seychelles President Danny Faure said his country welcomes ideas, services and products from India to further strengthen economic ties between the two countries. He said that Seychelles has created a conducive business environment and has taken number of reform measures to attract investments. "We will make your investment project a functioning enterprise...We value your investments and our country welcomes you," he said here, while addressing business members of industry chambers, including CII. Faure said that retail sector and large construction firms in Seychelles is largely owned by Indians and they have contributed significantly in the socio-economic development of that country.He added that huge business opportunities exists in sectors such as tourism and infrastructure development. The bilateral trade between the countries increased to USD 43.43 million in 2017-18 from USD 36.88 million in the previous fiscal.
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