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Four French investors commit to India

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Symposium hosts 20 French VC-PE funds

French and Indian dignitaries at the symposium.

Four French investor groups – Eren Group, Claranova, Olymp Capital and TNP – are setting up offices in India with commitments to invest in various sectors such as energy, aerospace, blockchain and Internet of Things.

The announcements were made as France’s 20 of the biggest venture capital and private equity funds are interacting with 100 early to mid-stage Indian start-ups at a three-day symposium in New Delhi.

The French investors included Safran Ventures, Eren Group, Luxury Tech, Fahsion Capital, Educlever, Olymp Capital, Affectio Familiae, Brands and beyond, Galileo Partners, Winevestworld, TNP, Claranova among others.

The Venture Capital Symposium 2018 was addressed by NITI Aayog Amitabh Kant, along with Atul Chaturvedi, Additional Secretary, DIPP. Also present at the symposium on 18 May 2018 were Alexandre Ziegler, Ambassador of France to India, and Yves Jego, Vice-President of French Parliament.

In his address, Kant urged the investors to focus on India to not just target one billion people but to build solutions in India for the seven billion strong global market.

He exhorted them to utilise their funds more effectively by investing in India, which has the ‘3D advantage’ of demographic dividend, demand and democracy.

The Venture Capital Symposium 2018 aims to support the Start-up India programme.

The symposium is organized by NITI Aayog with Vision India Foundation as the Knowledge Partner.

In his address, Yves Jego declared, “This collaboration is not only a business participation of French capital in India, but it will prove to be a long-term partnership between the organisations of the two countries.”

Alexandre Ziegler added, “Not only do we invest in India, not only do we Make in India, but we Innovate in India.”

Atul Chaturvedi highlighted the plethora of initiatives undertaken by the Indian Government for improving the Ease of Doing Business in India.

Further, he also spoke on about the focus on creating an enabling ecosystem for Start-Ups in India and to attract flow of foreign capital to India, making India the most preferred destination for Foreign Direct Investment. fii-news.com

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