India – France Business Summit held

Apr 13, 2023

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal mentioned that there is a huge delta of opportunities in India during his address at the India – France Business Summit and CEOs Roundtable in Paris, France.

“We are one the largest consumers of goods and services. Exports of goods and services are growing by over 50% and we hope to continue this growth trajectory. We hope to see our exports of goods and services to triple from $765 billion to $2 trillion by 2030,” he added.

The Embassy of India, Paris, France, in association with the Confederation of Indian Industry (CII), the Mouvement des entreprises de France (MEDEF) and the Indo French Chamber of Commerce and Industry (IFCCI), organised the India – France Business Summit and CEOs Roundtable.

Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, Government of France, Olivier Becht shared that he is confident that both sides will foster bilateral & multilateral meetings. “India being the world’s most populous country has the potential to attract numerous manufacturing activities, already, many French companies are actively engaged in India, and there is tremendous untapped potential for further collaboration”, he said.

Vice-President, CII and Chairman & Managing Director, ITC Limited, Sanjiv Puri shared that the presence of a large delegation from the CII in France underscores the significant importance that India attaches to its relationship with France. DG CII, Chandrajit Banerjee highlighted that India and France are committed to collaborative engagement in areas like innovation, financial inclusion, ESG in businesses, and deepening global engagement towards Africa.

In the CEOs Roundtable, More than 50 CEOs from Indian and French companies participated at the CEOs Roundtable Sectors such as agriculture, tourism, defence, manufacturing, pharmaceuticals, textiles, aerospace were represented at the Roundtable. Point is Gem & Jewellery industry & trade was not stated!

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