NEW DELHI, June 25 - Prime Minister Narendra Modi and Seychelles President Danny Faure today agreed to work together on the Assumption Island project based on �each other�s interests�, days after reports from the island nation that it was cancelling the pact with India to jointly develop a naval base there.
After their comprehensive and �frank� discussions on key areas, including security, Modi also announced a USD 100-million line of credit to Seychelles, which Faure said would help boost his country�s military infrastructure.
�We have agreed to work together on the Assumption Island project based on each other�s interests,� Modi said at a joint press event with the visiting leader here.
India is keen on developing the Assumption Island in the Indian Ocean as a naval base to expand its footprint in the strategically-key region where China has been trying to enhance its military presence. An agreement to develop the island was inked in 2015 between India and Seychelles. � PTI
