Millennium Post

Modi woos French businessmen to Make in India

France on Friday called India a “bright spot” in global economy, as Prime Minister Narendra Modi used his ‘Make in India’ initiative to invite top French businesses to invest in the country, particularly in the areas of defence and infrastructure.

“The Prime Minister said he accords highest interest to the ‘Make in India’ in defence... What the French companies can do is to add value,” External Affairs Ministry spokesman Syed Akbaruddin told reporters here.

Modi, on a four-day visit to France on the first leg of his three-nation tour, took the opportunity to woo French investors to undertake projects in India as he held meetings with them accompanied by French Foreign Minister Laurent Fabius. “India is identified as a bright spot in global economy,” Akbaruddin quoted Fabius as saying.

The subjects discussed at the meeting with the CEOs of companies dealing with infrastructure were how they could partner with India in developing smart cities, upgrade transportation, particularly railways and waste management. Modi gave the business leaders of the largest French chamber, Movement of the Enterprises of France (MEDEF) — which has 750,000 members — an outline of the policy initiatives of his government over the last  10 months.

PM to launch Hannover Fair tomorrow

Indian Prime Minister Narendra Modi and German Chancellor Angela Merkel will jointly inaugurate India’s participation as ‘partner nation’ in the Hannover Fair besides holding in-depth talks during the Indian leader’s first official visit to this country which begins on Sunday. Merkel will receive Modi when he arrives at the Hannover trade fair grounds on Sunday evening and afterwards they will attend the opening ceremony of the annual Hannover Fair, the world’s largest show of capital goods and technology.
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