Kickstarter101
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There is a limit to how much the MoD is able to commit to projects at any one time, right now the ANC is being massively augmented and this base in the Seychelles is being devloped (not to mention the coastal radars being set up in 4-5 IOR nations by the IN)- for now basing rights in Oman are more than sufficent. In 5-6 years the IN may revisit this decsion.
I would like to add, we need a bigger economy too, to maintain multiple foreign bases. Its extremely costly. So as you said, it would seem perfect for the future once our economy has grown.