International Development News
Development News Edition

MH-INDIA-FRANCE-PACTS


French Ambassador to India

Alexandre Ziegler Friday said that 12 agreements worth 200

million euro have been signed between French and Indian firms

and these had the potential to create 3,000 jobs in

Maharashtra.

Addressing business delegates at the Indo-French

Conclave here, Ziegler said economic partnership between the

two nations has been dynamic in the past few years.

"Our trade relations have grown by 20 per cent from

last year and has doubled since 2009," he said, adding that

his country saw India not as "revenue" or "market" but as a

"true and precious" partner.

The French Ambassador informed that 600 companies from

his country have operations in India, employing 4 lakh people

and investing around one billion euro annually.

"The Indo-French relationship goes beyond these

figures and the potential is huge. We collectively need to

work towards increasing the investment of French companies in

India," said Ziegler.

He expressed happiness at India achieving 77th

position, a jump of 23 places, on World Bank's 'Ease of Doing

Business' ranking.

The 12 agreements signed include French multinational

Thales Group signing pacts with seven Indian firms, namely

Godrej Precision Engineering, Bharat Forge, Amphenol

Interconnect India, Larsen & Toubro, Solar Explosives,

Mahindra Defence Systems and Coriolis.

Other agreements included one between energy firm

Technique Solaire and the Maharashtra Energy Development

Agency as well as between aeronautical firm Turgis & Gaillard

and the Maharashtra Airport Development Company (MADC).

French ropeway firm Poma presented letters of intent

for two projects in Nagpur and Tadoba, both in the state's

Vidarbha region.

French hospitality major Accor Hotels also exchanged a

letter of intent with Gurugram-headquartered Interglobe Hotels

Limited.

Indo-French Chamber of Commerce and Industry secretary

general Payal Kanwar expressed delight at being able to

organise an Indo-French business event of this size in Nagpur.

PTI CLS

BNM BNM

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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