Union Minister Piyush Goyal promotes infra, manufacturing opportunities to French investors in Paris

New Delhi, Apr 12 (KNN) There are massive opportunities for French investors in India in areas such as manufacturing and infrastructure, said Union Minister of Commerce and Industry, Piyush Goyal at the India France Business Summit in Paris.

“Huge delta of opportunities are there in India,” he said adding that we are one the largest consumers of goods and services.

“Exports of goods and services are growing by over 50 per cent and we hope to continue this growth trajectory. We hope to see our exports of goods and services to triple from USD 765 billion to USD 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.

Sessions were held on ‘Building a green future’; Critical and Emerging Technologies: The New Strategic Frontier; ‘Defence Cooperation: Securing a Shared Future Through Atmanirbhar Bharat’ and France and India: Springboard to Europe and Indo-Pacific.  (KNN Bureau)