France seeks more investments from India Inc
France has urged Indian investors to explore the market potential in the country and take advantage of its open market access to Africa and the Middle East. Terming his country as an attractive investment destination, François Richier, French Ambassador to India, said, “France was a leading destination for foreign investments and was a hub for doing business in Africa. France offered to its foreign investors legal and tax security, highly qualified and productive workforce, lower set up and operating costs than in the US, Germany and Japan and an innovative economy.” “To make the country more competitive, various reforms were under way such as in goods and services market and labour market,” Richier said. He cited communication gap as a major hindrance to Indian investments in France and said there was a need to showcase the business and investment opportunities available in the country to the Indian business community. “Indo-French relationship was booming and there was a positive environment for business to thrive. French companies have invested in India heavily and there was an opportunity to explore more areas for investments,” said Jyotsna Suri, President of FICCI. Speaking at a business conference in New Delhi, Richier pointed out French companies’ long presence in India, including well-established Mahindra and Bharat Forge and said it was now time for the Indian industries to establish their businesses in France. Richier also invited Indian entrepreneurs to explore prospects in France’s tourism sector. The conference - ‘France: Your Preferred Destination’- was organised jointly by FICCI and Embassy of France with an aim to bridge business gap between India and France.
October 15, 2015 | 4:34pm IST.