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
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
The 12 agreements signed include French multinational
Thales Group signing pacts with seven Indian firms, namely
Godrej Precision Engineering, Bharat Forge, Amphenol
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
French hospitality major Accor Hotels also exchanged a
letter of intent with Gurugram-headquartered Interglobe Hotels
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)