France to invest 2 billion euros in India
April 11, 2015
From Ajay Kaul
Paris
France today announced an investment of 2 billion euros (about USD 1 billion) in India as Prime Minister Narendra Modi invited French companies to pump in money in technology in the fastest growing economy.
France will invest 2 billion euros in India, President Francois Hollande announced at a CEO forum here.
Inviting French investors, Modi said, “There is no bigger market than India. It is also the fastest growing economy since the last six months. Various rating agencies like World Bank and Moodys have said in one voice that India is the fastest growing nation.
“It is rare to find a country with a market, with the government determined on development and demographic dividend”.
Investors are usually worried about the security of intellectual property (IP). Only democracies like India can guarantee that,” he said.
Addressing the CEO forum, Hollande said: “We are ready to allocate through French companies 2 billion euros to support India’s sustainable development.”
He said France will partner India in Urban development of infrastructure like railways and defense and nuclear sector.
PTI
Recent Stories
- Diwali Food Safety Drive: AMC Seals Two Units, Fines Four Outlets ₹40,000
- HDFC Bank Gets Govt Nod to Offer Deposits Under Capital Gains Accounts Scheme
- GSSSB Announces Recruitment for 1,237 Class-3 Posts; Applications Open on November 5
- AMC to Hike Parking Fees; Proposed New Rates Here
- Mumbai Mayor Ritu Tawde Meets Gujarat CM Bhupendra Patel
- Holiday Inn Resort to Come Up in Sasan Gir