Indian\, French firms sign 12 pacts worth 200 mn euros: Ziegler

Indian, French firms sign 12 pacts worth 200 mn euros: Ziegler

Press Trust of India  |  Nagpur 

French to Friday said that 12 agreements worth 200 million euro have been signed between French and Indian firms and these had the potential to create 3,000 jobs in

Addressing business delegates at the Indo-French Conclave here, Ziegler said economic partnership between the two nations has been dynamic in the past few years.

"Our trade relations have grown by 20 per cent from last year and has doubled since 2009," he said, adding that his country saw not as "revenue" or "market" but as a "true and precious" partner.

The French informed that 600 companies from his country have operations in India, employing 4 lakh people and investing around one billion euro annually.

"The Indo-French relationship goes beyond these figures and the potential is huge. We collectively need to work towards increasing the investment of French companies in India," said Ziegler.

He expressed happiness at achieving 77th position, a jump of 23 places, on World Bank's 'Ease of Doing Business' ranking.

The 12 agreements signed include French multinational signing pacts with seven Indian firms, namely Precision Engineering, Bharat Forge, Interconnect India, Larsen & Toubro, Solar Explosives, and

Other agreements included one between firm and the Development Agency as well as between aeronautical firm & Gaillard and the Airport Development Company (MADC).

French ropeway firm presented letters of intent for two projects in and Tadoba, both in the state's region.

French hospitality Accor Hotels also exchanged a letter of intent with Gurugram-headquartered Interglobe Hotels Limited.

and general expressed delight at being able to organise an Indo-French business event of this size in

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First Published: Fri, November 02 2018. 23:15 IST