What's new

France to invest US$ 25 billion in India's nuclear power sector

Big Boss

BANNED
Dec 22, 2011
745
0
727
India eyes $100 bn foreign investment in nuclear power sector

PARIS: India is hopeful of getting more than $100 billion worth of foreign investment in the nuclear power sector in the next two decades and a quarter of it would come from France, :woot::cheers::yahoo:Commerce and Industry Minister Anand Sharma has said.

"In the coming two decades, India will see investments in excess of $100 billion in the nuclear power sector alone and I am sure that at least a quarter of these will come from France," Sharma said, addressing the fourth India-France CEOs Forum here Monday.

The forum, comprising heads of leading businesses in France and India, was initiated by president Nicolas Sarkozy and prime minister Manmohan Singh in 2008 following Sarkozy's state visit to India, signifying the growing bilateral commercial ties.

Sharma said France would play an important role in developing nuclear power facilities in India.

"In the energy sector, we greatly value our partnership with France, especially in the nuclear power sector where France is a global leader."

Sharma said though over $14 billion worth of French investments in India were in the pipeline, it was not up to the potential. He urged French firms to enhance their business engagements with India.

"Given the strong position of French companies, the level of French investment in India is way below the potential. There are 800 French companies in India which engage over 80,000 people and we would like to see this growing in the coming years."

Sharma, who also holds the textiles portfolio, invited French fashion design institutes to bring their best practices to India in partnership with indigenous lifestyles industry.

Referring to recent decision to allow 100 percent FDI in single brand retail, the minister hoped that French luxury goods companies will establish manufacturing bases in India.

"This will create a win-win situation as India has emerged as a huge market for luxury goods and establishment of manufacturing in India will provide maximum value," he said.

India eyes $100 bn foreign investment in nuclear power sector - The Economic Times


France is fast emerging as stertegic parthet of India. :tup:
 
india-france.jpg


Best of luck for India-France friendship :tup::cheers:
 
MMRCA money returned!!! :yahoo:

Its overflow because apart from US$ 25 billion France would be investing about 50% of MMRCA money in India specially in India's defense Industry.

India got:

It means US$ 25 billion + US$ 10 billion = US$ 35 billion.

France Got:

US$ 20 billion through MMRCA
 
Nope, investment is not aid.The French will profit just as they will in the MMRCA contest

Where did i said its aid?

Both of you will benefit from this.

---------- Post added at 02:09 PM ---------- Previous post was at 02:08 PM ----------

Its overflow because apart from US$ 25 billion France would be investing about 50% of MMRCA money in India specially in India's defense Industry.

India got:

It means US$ 25 billion + US$ 10 billion = US$ 35 billion.

France Got:

US$ 20 billion through MMRCA

Aur dil jala mera. :angry: :lol:
 
Where did i said its aid?

Both of you will benefit from this.



Well that logic holds even for the MMRCA purchase. We will after all get technology which we wouldn't normally have & which we will leverage in our own products at a later date.

True, we benefit from all investments into India but that would be true even if it were walmart or Tesco. What I reacted to was the statement of the MMRCA money coming back . However since you were probably being flippant about this, I guess we can agree to a good laugh.:lol:
 
France is fast emerging as stertegic parthet of India. :tup:

france was always our partner....remember they were the only country other than russia who did no sanction us after the nuclear tests....

p.s.: news is comin in that sarkozy has ordered that french kiss will from now on be called indian kiss as a show of gratitude towards india for selecting the rafale...:)
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Pakistan Defence Latest Posts

Back
Top Bottom