During the India-France CEO forum, Prime Minister Narendra Modi called upon French industry leaders to explore investment opportunities in various sectors of the Indian economy and be part of India’s growth journey. Modi emphasized the ongoing economic reforms and his government’s initiatives in areas such as renewables, startups, pharma, IT, digital payments, and infrastructure to facilitate business development.
The forum brought together CEOs from diverse sectors, including aviation, manufacturing, defense, technology, and energy, with 16 CEOs representing the French side and 24 from the Indian side. Prominent French business leaders such as Airbus’ Guillaume Faury, Alstom’s Henri Poupart Lafarge, Schneider Electric’s Peter Herweck, and Total Energies’ Namita Shah attended the event. Indian business leaders, including representatives from Jubilant Life Sciences Limited, ArcelorMittal, Ather Energy, and Bharat Forge, also participated.
Prime Minister Modi expressed gratitude to these industry leaders for their contributions to strengthening bilateral relations and promoting economic cooperation between India and France. He highlighted India’s advancements in renewable energy, startups, pharmaceuticals, IT, digital payments, and infrastructure, emphasizing the government’s efforts to foster business growth.
Under Prime Minister Modi’s leadership, the Indian government has implemented various measures to enhance the ease of doing business over the past nine years. These include relaxed foreign direct investment (FDI) norms, the Production Linked Incentive (PLI) scheme to encourage manufacturing, and a reduction in corporate tax rates.
The visit of Prime Minister Modi to France was part of a two-day official invitation by French President Emmanuel Macron.
