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Indian business invited to set up shop in France

Mar '07
French Ambassador at Large and Chairman of 'Invest in France Agency' (IFA), Philippe Favre is inviting Indian business houses to make forays in his country for not only French market, but entire EU market.

French Ambassador informed the gathering about 'Invest in France' and also took part in an interactive meeting organized by Indian Merchants' Chamber (IMC).

He was accompanied by Jean-Charles Demarquis, French Consul-General in Mumbai, Prathik Malhotra, Delhi-based Director, 'Invest in France Agency', Frederic Rossi, Deputy Trade Commissioner in the Consulate General in Mumbai, and Xavier D'Anterroches, Press Attache' at the French Consulate.

Gul Kripalani, Chairman of IMC's International Trade Committee, and P N Mogre, IMC Secretary General, felicitated the French diplomats.

India exported goods and services worth over $2.04 bn and imported products worth $1.76 bn in 2005-06, Mogre informed.

India exported goods from its SME sector such as garments, leather, textiles, raw cotton and yarn, and marine exports, in addition to nontraditional items like automotive components, chemicals and dyestuffs, pharmaceuticals, granite and consumer durables.

French and Indian company's collaboration includes consumer industries such as perfumes, cosmetics, furniture.

The Ambassador informed that there was no limit on investments. Investors would receive financial assistance at three levels, from local Government, National Government and EU Government, subject to ceilings.

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