French companies to invest 8 billion euros in India – Feedback

Describing India as a strategic and economic partner, France’s Ambassador Alexandre Ziegler on Friday said French companies would be investing to the tune of eight billion euros in India in the next two-three years.

“We have invested $20 billion in India so far with a presence of 394 major French conglomerates. In the next two to three years, French companies will be investing eight billion euros more in India,” Ziegler told reporters on the sidelines of a CII event here. “We don’t look at India as a market. Rather India is an important strategic and economic partner. We are not just investing in India but also making in India and innovating in India. More than 25 R&D centres of various French companies are in India,” he said. Besides strategic cooperation, Ziegler said the Indo-French economic ties have been steadily rising and sectors like renewable energy, sustainable urban development and agri-food and health care are set to witness increased mutual cooperation.

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