Indo-French Business Awards (IFBA) 2021

Indo-French Business Awards (IFBA) recognize the resilience in business during the pandemic:

  • French Development Agency (AFD) grants loan of 200 million (Rs 1600 crore) for social services in India
  • Over 3 lakh people employed by French establishments in India

New Delhi, 24 March 2021

The Indo-French Chamber of Commerce and Industry (IFCCI) organized the 3rd edition of its flagship event, the Indo-French Business Awards (IFBA), in the presence of the Ambassador of France to India, H.E. Mr Emmanuel Lenain, and the Hon’ble Minister for Roads, Transport and Highways and MSMEs, Mr Nitin Gadkari. The award ceremony brought together business leaders from the most prominent French companies in India across sectors like aerospace and defence, mobility, energy and consumer goods to name a few.

The Indo-French Business Awards announced 13 categories for which 120+ applications were received from across India and France. The maximum number of applications received were for ‘Resilience in Business during Covid-19’ category which emphasized that French companies were able to sustain the Covid-19 crisis. Despite challenges in terms of logistical lockdowns and operational instability, French companies invested heavily in Covid-related CSR initiatives in India. There were special awards given to promising young French professionals under the VIE programme which is managed by Business France.

On this occasion, the Ambassador of France to India, H.E. Mr Emmanuel Lenain, said “These awards are a testimonial to the robust Indo-French economic partnership, relying on a strong foundation of trust and mutual admiration. French companies are increasingly investing in India, going local to leverage partnerships with Indian partners and reshaping global supply chains. Moreover, it is heartening to observe how companies are dedicating more funds for CSR initiatives to tackle the pandemic. Last but not least, we have seen an increasing interest among Indian companies to invest in France, even during the pandemic. We are confident that this year, in the context of Brexit, more Indian investors will cross the Channel and make France their base for a better access to the EU market”.

Addressing the audience at the event, the Chief Guest of the evening, Mr Nitin Gadkari , Hon’ble Minister for Road Transport and Highways and Minister of Micro, Small and Medium Enterprises said, “Today we are here to award those who are contributing to the Indo-French trade and business. I am giving my best wishes to all. Our alliance with France is very old and they are very good friends of my city, Nagpur. The Nagpur metro is financed by the financial institution of France and they are doing excellent work. We have a very long relationship. I am giving my best wishes to all award winners and assuring them that whatever the development from investors from France side, we will co-operate with them and support them. This will be a win-win situation as it will be beneficial for both the countries.”

France is the sixth largest economy and the ninth largest foreign investor in India. There are more than 1000 French establishments (ranging from MNCs to SMEs) present in India, and it is the priority investment destination for new entrants. A major indicator of France’s presence in the Indian market is that 38 of France’s largest, publicly traded companies on the Euronext Paris (CAC 40 as they are called) have operations in India.

Ms Payal S. Kanwar, Director General, IFCCI further added, “French investments in India are booming and we are observing bilateral trade relations between both countries gaining momentum. FDI has quadrupled over the past ten years and French companies have a widespread presence across the country. There have been some recent large investments in infrastructure, energy, consumer goods, agribusiness, IT and auto sectors. Today’s award ceremony is a testament to their commitment and success in India”.

Furthermore, France is one of India’s largest scientific partners, with over 25 French R&D centres, 15 joint Indo-French research laboratories and 500 collaborative projects in the country. France has also emerged as India’s trusted defence and strategic partner. The European leader has also partnered with India to develop Chandigarh, Puducherry and Nagpur as smart cities with a commitment of over USD 2.2 billion.. This year, the Indian Union Cabinet signed a Memorandum of Understanding (MoU) between India and France in the field of renewable energy cooperation towards development of technological know-how and thereby aid the process of attaining the ambitious target of 450 GW of installed renewable energy capacity by 2030.

The winners of the 13 categories were awarded by H.E. Mr Emmanuel Lenain, Ambassador of France to India. The awards jury comprised highly recognized Indo-French business leaders from the Embassy of France and CEOs from various industries who constitute IFCCI’s Governing Council.

The event was addressed virtually by H.E. Mr. Jawed Ashraf, Ambassador of India to the Republic of France and Principality of Monaco.

1. French SME of the Year Outinord Formworks Pvt Ltd
2. Indian SME of the Year Decimal Point Analytics Private Limited
3. Entrepreneur of the Year Ultraconfidentiel Design Pvt. Ltd.
4. Indo-French Cooperation of the Year Total
5. French Group of the Year Airbus Group India Pvt. Ltd.
6. French Group of the Year Roquette
7. CSR Project of the Year Dassault Systems Foundation
8. Most Innovative Product/Service of the Year BNP PARIBAS
9. Choose France - Indian Investment in France 2020 (SME Category) Gene Store France SAS
10. Choose France - Indian Investment in France 2020 (Large Enterprise Category) HCL Technologies
11. Resilience in Business during COVID-19 Alstom India
12. Resilience in Business during COVID-19 EDF Group
13. EDF Group Accor India & South Asia
14. Diversity and Inclusion Practice of the Year Société Générale Global Solutions Centre, India
15. Jury Special - for exemplary performance during Covid19 AIR FRANCE-KLM
16. Jury Special - for exemplary performance during Covid19 Air Liquide Medical Systems, India
17. IFCCI - La French Tech India Award Meero
18. Personage of the Year Patrick Pouyanné, CEO, Total

About Indo-French Chamber of Commerce and Industry

The Indo-French Chamber of Commerce and Industry (IFCCI) facilitates bilateral trade, French investments in India and aim at attracting French Investments to boost Indo-French trade. IFCCI is the most active bilateral Chamber of India with 700 Indian and French member companies spread across India and France.

Last modified on 02/09/2021

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