INDO-FRANCE RELATIONSHIP

-DAVID MOSES

Top 10 Countries Investing in India

• United States of America

• France

• United Arab Emirates

• Japan, • United Kingdom • Germany

• Spain

• Switzerland • Netherlands

• Singapore

Introduction INDO-FRANCE relations have traditionally been close and

friendly. Both nations have a centuries-old history of trade relations. From the 17th century until 1954, France maintained a colonial presence in the subcontinent.

India-France trade relations is a common forum of India and France Chamber of Commerce and Industry. India France trade relations aim at facilitating better India and European Union trading relation. Further, their common goal is to double India France trade relations and business value within 5 years.

French Investments in India During the last 15

years have brought US$ 1.76 billion into Indian market. The India France trade relations facilitated business to the tune of US$ 6.2 billion during recent times. A number of French companies have ventured into the Indian market as an outcome of better India France trade relations.

The sectors that have attracted the most FDI from France are: Electrical Equipment Services Sector Telecommunications Transportation Industry Fuels Chemicals Food Processing

Industries Cement Glass

Major Indian Export to France The Indian IT Exports to France is facilitated by Indo French Chamber of Commerce and Industry (IFCCI) - a common forum of India and France business and trading communities. 

The Federation of Indian Chambers of Commerce and Industry (FICCI) through National Association for Software and Service Companies (NASSCOM)  under the Ministry of Economy, Finance and Industry, France are the two representatives at the forum.  France has the potential to emerge as a high-growth market for Indian IT companies in the next 2-3 years. The Indian IT Exports to France caters two types of basic IT services:• Software development• Application outsourcing

The main advantages in Indian IT products and services are -

- Quality software products at much lower rate.

- Quality services at affordable price.

The Indian IT industry is expected to exploit new IT services in France, such as-• Software development,

support and installation• Consulting• Networking and network

infrastructure management• Systems integration• Training and Education• Hardware support and

Installation services• Network consulting and

network integration

Economical Relationship Today, more than 750 French subsidiaries covering a

broad spectrum of sectors are established in India and employ approximately 240,000 people. The capital investment stock of these companies in India is USD 19 billion aprox. This figure places France amongst the largest foreign investors in India.

• French investments in India are the result of several successive waves

• Over the next 4 to 5 years, the stock of French investments in India should evolve significantly

Fifteen years after the launch of the Franco-Indian strategic partnership in 1998, the bilateral relationship has been steadily strengthening, widening in scope and has reached exemplary level.

The strategic partnership comprises the following focal areas -• Civil nuclear cooperation• Defence cooperation• Counter-terrorism cooperation• Space cooperation

Political Relationship

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