Prime Minister Narendra Modi and French President Emmanuel Macron jointly addressed the 14th India-France CEOs Forum in Paris, bringing together industry leaders from both nations. The discussions covered key sectors such as defense, aerospace, emerging technologies, infrastructure, artificial intelligence, and sustainable development, reinforcing the growing economic partnership between the two countries.
In his address, Prime Minister Modi highlighted India’s position as a favored global investment destination, emphasizing its stable political and economic environment. He spoke about recent reforms, including 100% foreign direct investment in the insurance sector and private sector participation in civil nuclear energy, with a focus on advanced technologies. He also underscored efforts to streamline regulations, citing the rationalization of over 40,000 compliances to foster a more business-friendly environment. Stressing India’s commitment to reform and innovation, he invited French companies to invest in sectors such as defense, energy, infrastructure, and space, positioning India as a key player in global technological advancements.
India’s ambitious missions in AI, semiconductors, quantum computing, hydrogen, and critical minerals were also a focal point of the discussions, with the Prime Minister encouraging deeper collaboration in these areas. His call for a stronger partnership resonated with the business leaders present, reflecting the mutual interest in expanding trade and investment between the two countries.
The forum also saw participation from India’s External Affairs Minister Dr. S. Jaishankar, along with French Ministers Jean-Noël Barrot and Eric Lombard, further strengthening the diplomatic and economic ties. CEOs from leading Indian and French companies engaged in discussions on fostering innovation and deepening bilateral trade, with industry stalwarts from both sides outlining opportunities for collaboration.
The India-France economic relationship has been steadily growing, and this forum reinforced the commitment of both nations to strengthening strategic and business ties. As global dynamics shift, such partnerships hold immense potential in shaping a more resilient and technologically advanced future, benefitting not just the two countries but also the wider global economy.
