SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Anand.9.Thmb..jpg Sharma invites French cos, SMEs to invest in India

Anand Sharma with the President of France, Mr. Francois Hollande, in Paris on July 08, 2013.
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
SME Times News Bureau | 10 Jul, 2013
Union Minister of Commerce & Industry Anand Sharma has invited French companies to participate in key sectors in India and also emphasised the need for the larger French companies to support the French small and medium enterprises in developing its presence in India.  

In a bilateral meeting with French Minister for Foreign Trade Ms. Nicole Bricq on Tuesday in Paris, Sharma stressed the need for the French government to provide strategic support to French industries interested in doing business with India while assuring that the Government of India was committed to providing a conducive and positive policy environment for foreign investments in several key sectors.

Earlier Monday, the Indian Minister inaugurated the 6th Session of the India-France CEOs Forum along with the French Minister for Economy and Finance, Mr. Pierre Moscovici.

Addressing the Forum, Sharma highlighted the strong growth fundamentals of India which remain rooted in deep democratic values and urged the French investors to enhance their engagement of Indian firms and investment in India to develop a win-win partnership in keeping with the elevated political relations between the two strategic partners.

He said that the larger French companies should support the French SME sector in developing its presence in India.

Outlining the provisions of India’s National Manufacturing Policy (NMP), the Indian Minister told the French CEOs about the opportunities of investment being created in the green field integrated and self-governing National Investment and Manufacturing Zones (NIMZs) both along and outside the Delhi-Mumbai Industrial Corridor.

Sharma also addressed issues raised by some French CEOs, the most important being the issue of patent protection in India. He clarified that India’s Intellectual Property laws were completely TRIPs compliant and India has used the TRIPs flexibility with far greater restraint than a number of other countries, including some developed countries.

On the Novaritis case, he explained that it was ruling by the highest Court and not an executive pronouncement.

The French Minister for Economy and Finance said that India’s growth potential was well understood in France as was exemplified by the presence of more than 700 French companies in India. He also stated that France supported signing of the India-Europe Broad-based Investment and Trade Agreement (BTIA) in the spirit of mutual benefit.

Sharma also held meetings with CEOs of French companies with a large presence in India including La Farge and Capgemini. The French CEOs apprised Sharma of their future plans in India and offered suggestions to further improve the investment climate.

Sharma also met French President Hollande and stressed the shared global and strategic vision of India and France while thanking the French President Mr. Francois Hollande for the keen interest shown in India-France commercial relations.

During his meeting Bricq, Sharma stressed the need for strong French support at the political level for early conclusion of the India-EU BTIA which would contribute to growth in bilateral trade and investment. He also invited the French Minister to visit India at her earliest convenience.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

SME to invest in India
Prakash. | Fri Jul 19 07:18:47 2013
Mr,Sharma is called French SMEs to Invest in India. Mr.Sharma is to inform Indian AM Admi or actual Indian work force and new Indian entrants about this.

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter