France: Your Preferred Destination
French Ambassador François Richier and FICCI President Jyotsna Suri host working luncheon on “France: Your Preferred Destination”
New Delhi, 14 October 2015
Ahead of the France visit of a delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI), its President, Dr Jyotsna Suri, and the Ambassador of France to India, H.E. Mr François Richier, jointly hosted a working lunch on the theme of “France: Your Preferred Destination”.
The world’s sixth largest economy by GDP, France is a popular destination for FDI, with a weekly average of 19 new companies choosing this European country for new investments. Its efficient public services, world-class infrastructure, diversified technological base, highly skilled and productive workforce and demographics – one of Europe’s most dynamic – make France a top FDI choice.
On this occasion, a five-minute film highlighting France as a creative and attractive destination for the Indian industry was released. Three Indian industrialists from different sectors also shared their experience on doing business in France.
This was also an opportunity to take stock of the latest developments of French investments in India.
Dr Suri and Ambassador Richier delivered the opening remarks and welcome addresses respectively over the working lunch, which took place on Wednesday, 14 October 2015, at FICCI, Federation House.
French Trade Commission heads, Messrs Dominique Frachon, Director - Business France India (Investments), and Thibaut Fabre, Director - Business France India provided explanatory remarks on the theme.
“France: Your Preferred Destination”, was an event spotlighting the European business hub of France as an attractive destination for the Indian industry. Over 20,000 foreign companies are present in France, where they employ more than 2 million people. Every week, 19 foreign companies choose France for new investments.
In this respect, France provides outstanding competitive advantages:
- France is the sixth largest economy in the world by GDP, located at the heart of a 500-million consumer market, with more than 65 million consumers in France alone – the second largest in Europe.
- Thirty-one French companies rank among the world’s top 500.
- France is the world’s leading destination for foreign tourists.
- France boasts efficient public services and world-class infrastructure.
- France offers a diversified technological base and a highly skilled and productive workforce.
- France has one of Europe’s most dynamic demographics, reflecting the country’s confidence in the future.
Creative France: To underscore the country’s impressive assets, the French government is launching a worldwide campaign, “Creative France”, which highlights France’s commitment to R&D and consistently achieving excellence. Its focus is on French initiatives and savoir-faire, showcasing creativity and innovation in fields such as technology, industry, science, the arts, fashion, and cuisine.
The campaign reflects the story of today’s France: solid fundamentals enhanced by an outstanding ability to innovate and a constant push to break new ground. Equal parts spirited and serious, France bucks convention while reaching for the summit. Creative France is the new face of France’s economic dynamism.
Business France: Creative France is powered by Business France, a French government national agency that supports the international development of the French economy by promoting the country’s appeal, companies and regions.
Business France India supports Indians investors looking to set up operations in France. With its roots firmly established at the local level, Business France helps firms choose an investment site best suited to the investors’ projects, and puts them in contact with the most relevant innovation clusters for their companies. It can also offer them expert advice, in addition to serving as their partner with regard to the French authorities, thereby ensuring the long-term success and growth of their project.
Crompton Greaves success story: An important success story is the investment project of Crompton Greaves, a subsidiary of the Avantha Group, in Grenoble. Awarded a contract following the tender call floated by ERDF (subsidiary of EDF, the French electricity board), Crompton Greaves is inaugurating this very day their “SMARTGRIDS” production and R&D Centre in Grenoble.
This investment project highlights both Crompton Greaves’ state-of-the-art technology and the global attractiveness of the French city of Grenoble in the electronics sector.