Summary:
French business leaders in India have reiterated their commitment to increasing local investment, employment, and production under the 'Make in India' program. French Ambassador Thierry Mathou highlighted the integration of Indian enterprises into global supply networks and France's 25-year strategic alliance with India. He stressed the importance of aerospace in Indo-French relations, citing the 1962 Cheetah/Chetak helicopter technology transfer and noting that 'Make in India' has long been a reality for French defense companies.
In the first half of 2024, aerospace accounted for over 55% of France's exports to India, amounting to US$ 2.95 billion. Indigo Airlines operates hundreds of Airbus planes and plans to procure 500 more by 2023, while the Indian Air Force has acquired 36 Rafale fighters. French companies have created nearly 50,000 indirect jobs through 227 supplier agreements, investing more than US$ 1.09 billion annually. With Airbus and Thales expanding their innovation hubs, both countries are building an aeronautics training campus, aiming to strengthen ties by 2026.
Source: IBEF
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