PM Modi encourages French business leaders to exploit opportunities in India
PM Modi highlighted
India’s ongoing economic reforms and urged French business executives to
capitalise on the country’s opportunities on Friday.
This was stated during
his joint address to the India-France CEO forum with French President Emmanuel
Macron.
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The Ministry of
External Affairs (MEA) said in a statement that 16 French CEOs and 24 Indian
CEOs from diverse sectors, including aviation, manufacturing, defence,
technology, and energy, participated in the Forum.
Hari S. Bhartia
(Jubilee Life Sciences Limited), Lakshmi Mittal (Arcelor Mittal), Tarun Mehta
(Ather Energy), and Amit B. Kalyani (Bharat Forge) were just few of the Indian
business executives there.
President Emmanuel
Macron and PM Modi met with top CEOs to discuss diversifying business
partnerships. The Prime Minister tweeted, “I highlighted the reforms in
India and urged entrepreneurs to take advantage of the numerous opportunities
our country offers.
French corporate
leaders like Airbus’s Guillaume Faury, Alstom’s Henri Poupart Lafarge,
Schneider Electric’s Peter Herweck, Total Energy’s Namita Shah, Safran’s
Philippe Errera, and Capgemini’s Paul Hermelin were among those present at the
event.
According to a
statement from the MEA, the Prime Minister acknowledged the role performed by
these key players in boosting the relationship and fostering economic
cooperation between India and France.
It was reported that he
focused on India’s business-friendly policies and programmes, as well as its
advancements in renewable energy, startups, pharmaceuticals, information
technology, digital payments, and infrastructure.
In addition, the Prime
Minister encouraged the CEOs to take advantage of the investment opportunities
in India and contribute to India’s growth narrative.
According to a tweet
from India’s Ministry of Foreign Affairs (MEA), the prime minister
“highlighted India’s mission-mode reform journey and various initiatives
undertaken to boost the business environment,” including the Goods and
Services Tax, the Insolvency and Bankruptcy Code, the Production Linked
Incentive (PLI) scheme, and more.
Modi urged the top business
executives from India and France to help speed up the development of bilateral
ties.
In his speech, he
asserted that the business communities of the two nations had significantly
contributed to the strengthening of bilateral ties.
He said, pledging his
complete support for their efforts on behalf of the Indian and French
governments.
Noting that India and
France have completed 25 years of strategic partnership, Modi stated that the
corporate leaders of the two nations played a significant role in the journey.
“We are
commemorating 25 years of strategic collaboration. In this voyage, business
leaders have been instrumental,” said Modi.
During the last nine
years of NDA rule, the Indian government has taken numerous steps to enhance
the ease of doing business. These include easing FDI norms, promoting
manufacturing through the Production Linked Incentive (PLI) scheme, and
lowering corporate tax rates.
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