Macron unveils 30 bln euro "France 2030" investment plan

Reuters | Updated: 12-10-2021 14:46 IST | Created: 12-10-2021 14:44 IST
Macron unveils 30 bln euro "France 2030" investment plan
Image Credit: IANS
  • Country:
  • France

French President Emmanuel Macron on Tuesday unveiled a five-year, 30 billion euro ($35 billion) investment plan aimed at fostering industrial champions and innovation.

"We must wage the battle of innovation and industrialization at the same time," he told a group of entrepreneurs, adding: "We need a country that produces more." Speaking six months before the presidential election, Macron said his long-term roadmap, dubbed "France 2030", would give a key role to small, agile start-ups in building France's industrial future alongside well-established giants.

Pointing to a shortage of face masks when the COVID-19 pandemic first erupted, Macron said the crisis had shown, on one side, a real vulnerability for all, and, on the other side, how crucial innovation and industrial production close to home are. "We must rebuild the framework for productive independence for France and Europe," he said.

The 30 billion euros come in addition to a 100-billion-euro recovery plan announced last year to help France weather the coronavirus pandemic, a large share of which went to promoting greener energy policies.

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

Give Feedback