The Prime Minister also announced that India will give a second Dronier aircraft to Seychelles and provide free of cost visas for three months for its citizens and making it available to them on arrival.
After one-to-one and delegation-level talks with Seyechelles President James Alix Michel, Modi, the first Indian Prime Minister to visit Seychelles in 34 years, also said they underlined the importance of comprehensive cooperation in the Indian Ocean region.
He also launched the Coastal Surveillance Radar Project, describing it as another symbol of the cooperation between the two countries.
Amid increasing Chinese focus on the Indian Ocean, India is aiming to pitch in with all help to island nations like Seychelles, Mauritius and Sri Lanka.
China has been making inroads into these island nations with infrastructure projects that has raised India's eyebrows.
The first CSR would be based in Mahe Island, capital of Seychelles.
Modi and Michel witnessed the signing of four agreements: cooperation in hydrographyic survey, renewable energy, infrastructure development and jointly develop navigation charts and electronic navigational charts for sale to other countries.
"Our agreement today on hydrographic survey adds a new dimension to our maritime cooperation. I thank Seychelles for their confidence in India," Modi said.
"Our security partnership is strong. It has enabled us to fulfil our shared responsibility to advance maritime security in the region," he said.
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