4th Indo-French Investment Conclave by IFCCI
Over 100 French Business Heads, Diplomats & Top Brass/Think Tanks along with H.E Mr. Emmanuel Lenain, Ambassador of France to India & Shri KT Rama Rao, Hon’ble Minister for IT, E&C, MA& UD and Industries & Commerce Departments meet in Hyderabad at the Indo-French Investment Conclave organized by IFCCI.
Hyderabad, 8 October 2021
The Indo-French Chamber of Commerce & Industry (IFCCI) brought together 100+ CXOs comprising of existing and potential French investors to Hyderabad & strengthen investment opportunities in, Telangana on 8th October 2021.
Special Focus Sectors: Aerospace & Defence, Manufacturing, FMCG, Technology, Urban Transportation.
The Indo-French Chamber of Commerce & Industry (IFCCI) organized the 4th edition of Indo-French Investment Conclave at Novotel, Hyderabad with an aim to strengthen French investment opportunities in the State of Telangana. The conclave saw a large delegation of 100+ French company CEOs, CXOs and Diplomats in Hyderabad on 8th October with an aim to strengthen investment opportunities in the State of Telangana at With this flagship event, IFCCI showcased and promoted existing French investments in the State within its large network and position Telangana as one of the most sought-after investment destinations due to its strategic location, conducive business environment, state-of-the-art infrastructure, proactive governance, and favorable ecosystem. The Conclave showcased the advantages of the State of Telangana to the Indo-French business community via B2B and B2G meetings.
The delegation commenced the day with site visits to French companies that are successfully operating in the state such as Safran Aircraft Engines, Mane India and Sanofi Shantha Biotech. The conclave included several panel discussions focusing on key industries and the official session was attended by H.E Mr. Emmanuel Lenain, Ambassador of France to India, Shri KT Rama Rao, Hon’ble Minister for IT, E&C, MA& UD and Industries & Commerce Departments, Shri Jayesh Ranjan, Principal Secretary of I&C and IT Departments of the Telangana Government, Mr Sumeet Anand, IFCCI President.
This event was supported by the French Embassy in India, Government of Telangana, CCEF – French Foreign Trade Advisors, CII, French Tech, Business France and brought together 100+ CXOs of French and Indian businesses, State authorities, diplomats, policymakers, top private sector players from India and France, multilateral agencies and eminent industry experts. This is the fourth edition of the Indo-French Investment Conclave, previous editions were held in Nagpur, Goa and Tamil Nadu in 2018, 2019 and 2021 respectively. IFCCI Investment Conclaves are aimed at focusing on promising States to attract French Investments and boost Indo-French trade.
On this occasion, the Ambassador of France to India, H.E. Mr Emmanuel Lenain, said: “France and French companies are fully committed to increasing their presence in Telangana and seizing the many opportunities of this thriving, innovation-oriented state. Many French groups have already invested in Telangana, particularly in biotech, IT and aeronautics. These Indo-French business endeavors in key sectors in Telangana also help to strengthen the strategic partnership between our two countries. In this respect, I am proud that French companies demonstrated exceptional solidarity with Telangana during the second wave of Covid-19 by contributing to a French-made world-class oxygen generator plant to the Telangana Institute of Medical Sciences”.
France and India share a historic strategic partnership and proves to be a major source of FDI for India, being the 9th largest foreign investor with more than 1,000 French establishments already present in India employing more than 350,000 persons in the country. 39 of the 40 CAC (French Stock Market Index) companies are present.
India continues to prove to be a land of opportunities and is one of the world’s fastest-growing economies. With the outbreak of Covid-19 in India and despite the stringent lockdowns enforced heavily impacting the industries, Telangana’s GSDP in 2020-21 was recorded at Rs. 9.78 lakh Crores, denoting a growth rate of (+) 1.35% compared to previous year at current prices, higher than the national average, as noted on the Annual Report 20-21 Invest Telangana. The state, being a significant contributor to the Indian economy, has witnessed spectacular economic growth for decades while Hyderabad continues to remain as one of the best cities to live and work in the country.