France to invest Euro 10 billion in India by 2012


French companies are committed to invest euro 10 billion (USD 13.37 bn) in India by 2012, the country’s Minister of Economy and Finance Christine Lagarde said today.

French President Nicolas Sarkozy

“This is not just a figure (Euro 10 billion). It is the commitment by French companies between 2008-2012,” Lagarde said while addressing India-France Business Forum at Ficci (Federation of Indian Chambers of Commerce and Industry).

Adding that everything (business) worked on ‘give and take’ principle, she said, India has to reciprocate its (France’s) interests in the country. She emphasised on opening up sectors like insurance and retail, particularly, multi-brand retail, so that French companies can invest in these sectors.

Lagarde is accompanying the French President Nicolas Sarkozy, who is on a four-day visit to India. Sarkozy is leading a team of ministers and a high-level business delegation to strengthen bilateral ties in key areas.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: