French Companies Making in India - Launch of White paper
Under the patronage of Shri Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP), Government of India, and H.E. Mr François Richier, Ambassador of France to India
New Delhi, 23 March 2015
To download the copyright free images of the conference, visit Flickr page of the French Embassy.
Ahead of the maiden official visit to France of Shri Narendra Modi, Hon’ble Prime Minister of India, in April 2015, the Economic section of the Embassy of France in India has prepared a White paper on “French companies Making in India”.
This comprehensive White paper, unveiling to the general public new facets of France’s investments in India, was officially launched during an event jointly organized with the Federation of Indian Chambers of Commerce & Industry (FICCI) on Monday, 23rd March 2015.
Shri Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP), Government of India, H.E. Mr François Richier, Ambassador of France to India, as well as Dr Jyotsna Suri, President of FICCI and Mr Siddharth Birla, former President of FICCI, spoke on this occasion, Mr Kant delivering the keynote address.
This conference gathered various executive heads of world-known French companies established in India and operating in a wide range of fields but also French entrepreneurs who developed successful projects in the country. It highlighted the strong industrial and commercial French presence all across India and to showcase the Indo-French business collaborations under the ‘Make in India’ programme and the contribution of French companies to this major project. The White paper includes several maps of their corporate offices, industrial sites and R&D centres all across India.
Few of the French companies and entrepreneurs that will address the gathering are: Alstom, L’Oréal, Pernod Ricard, Saint Gobain.
The discussions focussed on French entities that are already investing and/or Making in India, their strategy, growth stories, and how they foresee India as a future manufacturing hub.
France is one of the top foreign investors in India with a total investment stock of $19 billion in 2014 by 950 French companies (350 companies and 400 subsidiaries, plus 200 individual entrepreneurs), and this figure is poised to increase significantly over the next few years with the consolidation and extension of existing investments, as well as the arrival of new companies in the country. These French companies employ more than 3,00,000 skilled Indian workers, placing France as one of India’s leading economic partners.