COMPANIES

No Data Found

NEWS

No Data Found
Advertisement
France to invest 2 billion euros in India

France to invest 2 billion euros in India

PM Narendra Modi said, "There is no bigger market than India. It is also the fastest growing economy since the last six months."

Ajay Kaul
  • Paris,
  • Updated Apr 10, 2015 11:50 PM IST
France to invest 2 billion euros in India Paris: Prime Minister Narendra Modi and French President Francois Hollande in a meeting in Paris on Friday.Photo: PTI

France on Friday announced an investment of 2 billion euros (about $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.

Advertisement

Related Articles

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 Moody's 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 defence and nuclear sector.

Advertisement

PTI

Published on: Apr 10, 2015 10:56 PM IST
    Post a comment0