A strong economic presence - Indo-French Joint Statement, 14 February 2013

The Leaders agreed to encourage closer people-to-people contact, through inter alia, easing mobility and human exchanges and promoting education, science and cultural cooperation as well as expanding trade and investment.

To this end, both sides have decided:
- to promote an ambitious and balanced Free Trade Agreement between India and the EU based on reciprocity and mutual benefit which will boost our bilateral economic relationship;
- to establish an annual bilateral dialogue between the two Finance Ministries on economic and financial issues;
- to foster comprehensive sustainable urban development cooperation, including infrastructure, transport, water, waste management as well as urban planning;
- to give an impetus to the cooperation on railways between Indian and French railways; a Memorandum of Understanding between Ministry of Railways and SNCF (French National Railways) has been agreed in this regard;
- to facilitate and support investments from French companies into India and Indian companies into France which contribute to growth and employment in both countries.

Agreements signed during the visit
- Joint Statement to follow-up and strengthen co-operation in the railway sector between the Ministers of Foreign Trade and the Ministers of Transportation, Sea and Fishing : the statement aims at strengthening cooperation in the field of railway stations, high speed corridors and the modernisation of the railway network.
- Euros 110 million Credit Facility Agreement (CFA) for the Bangalore Metro Rail Project, Phase-I, between Department of Economic Affairs, Ministry of Finance of India, and AFD, the French Development Agency.
- MoU between the Ministry of Railways of the Republic of India and the French National Railways (SNCF) on Technical Cooperation in the field of Railway Sector
- Contract for 50 civilian helicopters between Aviators India and Eurocopter (EADS)

Last modified on 08/08/2014

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