FRANCE AND INDIA RECENTLY CELEBRATED THE 25TH ANNIVERSARY OF THE SIGNING OF THE INDO-FRENCH STRATEGIC PARTNERSHIP. ARE YOU SATISFIED WITH THE PRESENT LEVEL OF TRADE RELATIONS BETWEEN THE TWO COUNTRIES? WHAT MORE, ACCORDING TO YOU, NEEDS TO BE DONE?
Yes, Indo-French economic relations are very satisfactory, particularly in 2023 as we celebrate the 25th anniversary of our strategic partnership with India. In the post-Covid era, India's positioning is very interesting for European countries for supply chain related matters. Many French companies have already invested in India and are fully aligned with the Make in India policy, and will do more, both for the Indian market and the regional one as India is projecting itself as an alternative to China. More than 750 French companies, including almost all the forty biggest ones from the CAC40, are operating and developing their business in India, such as Capgemini, TotalEnergies, Schneider Electric, Sanofi, and Airbus - to name but a few. And in the past months, we have seen a growing interest from mid-cap companies as well in this market.
The Indian government is already successful in its policy to attract FDI in key sectors of the industry and giving its support through PLIS. The FDI inflow from France to India in FY 2020 - 21 reached a record of €3 billion with significant investments, such as ADP in GMR airports. Renault Nissan and the Stellantis group in the automotive sector made big announcements recently to increase production capacities in India, with a focus on EVs. We expect smart cities also to be key in the coming years. Indeed, France has technologies to offer to big cities to tackle various issues -pollution, traffic, energy, waste and water management, for instance.
WHAT ARE THE KEY TRADE EXCHANGE OPPORTUNITIES BETWEEN FRANCE AND INDIA?
Denne historien er fra April 2023-utgaven av Extraordinary and Plenipotentiary Diplomatist.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2023-utgaven av Extraordinary and Plenipotentiary Diplomatist.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
THE WOLF ECONOMY AWAKENS
Mongolia's Fight for Democracy, and a Green and Digital Future
DESTINATION Kenya
Background - My interest in visiting Kenya began on December 3, 2016, when the Kenya Tourism Board organized the Magical Kenya Open Golf Tournament in Delhi. The event, by invitation only, attracted many notable figures from Delhi NCR, and I was fortunate to be one of the winners. Along with a beautiful trophy, the prize included a trip to Kenya to play three rounds of golf in Nairobi and visit the renowned wildlife sanctuaries of Kenya.
THE POLITICAL LESSONS FROM THE MAHABHARATA
The word 'politics' always inflicts a sense of excitement as well as resentment amongst the public at large. Often people irrespective of gender or age are found commenting upon the dynamics of politics and the way it has taken shape over the years.
UNIVERSAL HEALTH INSURANCE: TRANSFORMING TANZANIA'S HEALTHCARE SYSTEM
Tanzania, a country known for its rich cultural heritage and breathtaking landscapes, is now setting a new precedent in the healthcare sector.
INDIA'S ELECTRIC REVOLUTION: LEADING THE GLOBAL THREE-WHEELER MARKET
Globally, long-term EV growth is expected to lower battery prices and advance next-generation battery technology, enhancing the economic viability of electric vehicles. According to a BNEF report, the three-wheeled vehicle segment is on track to reach net zero emissions by mid-century, with India's growth positioning it as a global leader.
INDIA'S STRATEGY TO SCALE UP GREEN HYDROGEN PRODUCTION
India's first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal's Jhakri was inaugurated on April 24 this year.
"Vietnam-India comprehensive strategic partnership has made progress"
In an interview with Diplomatist Magazine, Mr. Le Quang Bien, Consul General of Vietnam in Mumbai, provides perspectives on the burgeoning Vietnam-India relationship, particularly focussing on trade, investment, tourism, and renewable energy sectors. With Vietnam's emergence as a pivotal manufacturing hub in Southeast Asia and India's robust technological prowess, he highlights the promising avenues for collaboration in manufacturing, technology, and agriculture. Mr. Bien also sheds light on Vietnam's rich cultural and natural attractions, emphasising the Consulate General's efforts to promote tourism and culinary exchange in Mumbai.
THE EVOLUTION OF MINILATERALS: CATALYSTS FOR STRATEGIC COOPERATION IN THE INDO-PACIFIC
The current set of multilaterals, collectively or individually are facing a challenge in achieving four objectives of the largest multilateral institutions, the United Nations viz, \"maintaining international peace and security, protecting human rights, delivering humanitarian aid and support sustainable development\", owing to rising great power competition, unbridled competition among regional powers and unprecedented challenges in the Global North and the Global South.
NAVIGATING THE CROSSROADS: VISION FOR EUROPE'S FUTURE
\"Europe will not be made all at once, or according to a single plan. It will be built through concrete achievements which first create a de facto solidarity.\" Jean Monnet - The Father of the European Union.
ECONOMIC REFORMS AND GROWTH PROSPECTS: INDIA'S AGENDA FOR THE GLOBAL ECONOMY
India's economy is of global importance with a large young population and an open and democratic political system. It is already the third-largest economy and contributor to global economic growth, yet there is considerable untapped potential.
