Summary:

Ahead of Prime Minister Narendra Modi's visit to France, Coumar Ananda, President of the Chambers of Commerce and Industry France-India, noted that India-France trade remains below $20 billion, up from the previous $15-18 billion range, primarily in defense and aerospace. While over a thousand French enterprises operate in India, fewer than 100 Indian firms are present in France. He emphasized the significant untapped opportunities for Indian investors across France.

Prime Minister Narendra Modi's upcoming visit marks a significant milestone in India-France relations, as India will co-chair the AI Action Summit in Paris. The summit will cover key topics, including AI governance, public interest, cultural impact, workforce challenges, and cybersecurity risks. AI has become a crucial geopolitical issue, with both nations shaping global discussions. Modi's visit (February 10-12, 2025) will also include the India-France CEOs Forum, focusing on ethical and trustworthy AI development.

Source: IBEF

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