Goyal highlights huge opportunity to make commercial aircraft in India
French companies are willing to invest more in India, especially opportunities in infrastructure, renewable energy and mobility, according to Minister Delegate for Foreign Trade and Economic Attractiveness Olivier Becht.
He highlighted that France has supported Public Projects in Kochi, Nagpur and Ahmedabad.
France’s Foreign Direct Investment in India amounted to US$10 billion, while bilateral trade was US$15.1 billion in 2021-22.
The purchase of Rafale and the recent Airbus order have added more value to the India-France partnership, added Commerce and Industry Minister Piyush Goyal while on a visit to Paris.
Goyal told his counterpart that India is looking to buy 2,000 Commercial Aircrafts in the next 10 years and there is a huge opportunity to make commercial aircraft in India to meet domestic and international demand.
Bilateral trade has been growing but more can be done, Goyal underlined following the meeting on 11 Apr 2023.
Indian companies are increasing investment in France and to date has invested around Euro300 million.
But Goyal felt that trade can be expanded further by breaking language barriers.
The two Ministers also discussed priority areas related to India – EU FTA negotiations where issues related to Market Access were deliberated.
Goyal has invited Becht to India along with the French community at the sidelines of the G20 Trade Ministers meet in August 2023. fiinews.com
