Over 100 heads of French companies to troop into Hyderabad this week

HYDERABAD: As part of efforts to step up investments by French companies in Telangana and boost Indo-French trade, a delegation of over 100 French industry honchos as well as diplomats will be trooping into Hyderabad on October 8.
The visit, being organised by Indo-French Chamber of Commerce & Industry (IFCCI) as part of the fourth edition of Indo-French Investment Conclave, will showcase Telangana as an investment destination with key being aerospace & defence, manufacturing, FMCG, technology and urban transportation.
The French delegation will visit facilities of French aerospace major Safran and fragrances giant Mane India in Hyderabad as part of the conclave that is being supported by the French Embassy in India, Telangana government, CCEF – French Foreign Trade Advisors, Confederation of Indian Industry (CII), French Fab and Business France.
IFCCI director general Payal S Kanwar said: “Telangana is an attractive state for French companies in India and we have already seen some large investments come in over past few years. We are now eager to work with Telangana authorities to see how we can encourage and facilitate even more French companies to invest, manufacture and innovate in Telangana.”
France is currently the ninth largest foreign investor in India with over 1000 French establishments having a presence in the country and employing over 3.5 lakh people, IFCCI said.