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French Companies to pump euro 8 billion into india, as of now put in euro 20 billion

"We have invested with twenty billion USD in India up to now with a presence of 394 major French conglomerates. within the next 2 to 3 years, French firms are investment eight billion euros a lot of in India," Ziegler told reporters on the sidelines of a CII event here.

Kolkata: France's Ambassador Alexandre Ziegler on Friday same French corporations would be financed to the tune of eight billion euros in India within the next two-three years.


"We have invested with twenty billion USD in India up to now with a presence of 394 major French conglomerates. within the next 2 to 3 years, French firms are investment eight billion euros a lot of in India," Ziegler told reporters on the sidelines of a CII event here.

"We do not check out India as a market. Rather India is a very important strategic and economic partner. we tend to aren't simply the investment in India. however additionally creating in India and innovating in India. over twenty-five R&D centers of varied French corporations area unit in India," he said.

Besides strategic cooperation, Ziegler same the Indo-French economic ties are steady rising and sectors like renewable energy, property urban development and agri-food and health care area unit set to witness raised mutual cooperation.

Inviting investment to his own country, the envoy aforementioned the recent terror attack in Nice during which a minimum of eighty-five individuals was killed, has not affected France's prospects as a most well-liked investment destination.

"Such attacks area unit extremely wrong however are happening in many places. As a rustic, we have a tendency to do everything potential to forestall any terror attacks. France has been a most well-liked investment destination with the presence of over 20,000 foreign firms using in more than 2 million individuals," he said.

On the problem of Britain's exit from the EU Union, Ziegler conceded the move has affected the organization, however, exuded the confidence of EU continued to try and do well.

"EU has been facing challenges and it's devouring that everyone your partner's area unit there to fight those challenges. then again it's their call and that we respect that. jointly of the founder's members, France isn't involved regarding EU's future. EU has been doing well and can still do, therefore," he added.

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