Paris, July 4: Union Finance Minister Nirmala Sitharaman invited French companies to expand their investments in India, highlighting the country’s strong economic fundamentals and the vast opportunities offered under the Viksit Bharat 2047 vision. During her interactions with leading French business executives and investors in Paris, the Finance Minister said India is committed to becoming a developed nation by 2047 through sustained economic reforms, innovation, infrastructure development, and global partnerships.
She emphasised that India remains one of the world’s fastest-growing major economies and continues to offer a stable, transparent, and investment-friendly business environment.
Focus on Strengthening India–France Economic Partnership
Addressing representatives from major French industries, Sitharaman said India and France share a long-standing strategic partnership that extends beyond defence and diplomacy into trade, technology, clean energy, manufacturing, and innovation.
She encouraged French companies to participate actively in India’s next phase of economic transformation by investing across priority sectors.
Investment Opportunities Across Key Sectors
The Finance Minister highlighted opportunities in semiconductor manufacturing, renewable energy, green hydrogen, artificial intelligence, electric mobility, aerospace, defence production, digital infrastructure, logistics, and advanced manufacturing.
She noted that government initiatives such as Make in India, Digital India, PM Gati Shakti, and the Production Linked Incentive (PLI) scheme have significantly improved India’s manufacturing ecosystem and ease of doing business.
Confidence in India’s Growth Story
Sitharaman said India’s expanding domestic market, skilled workforce, robust digital public infrastructure, and ongoing policy reforms make the country an attractive destination for global investors.
She also pointed to continued investments in infrastructure, financial inclusion, and technological innovation as key drivers of India’s long-term economic growth.
Viksit Bharat 2047 Vision
The Finance Minister explained that the Viksit Bharat 2047 initiative aims to transform India into a developed nation by the centenary of its Independence. The vision focuses on sustainable growth, modern infrastructure, inclusive development, innovation, and enhanced global competitiveness.
She invited French businesses to become long-term partners in this journey by contributing technology, capital, and expertise.
Strengthening Bilateral Economic Cooperation
Business leaders participating in the interaction discussed opportunities to expand collaboration in manufacturing, clean energy, finance, infrastructure, and emerging technologies.
The engagement is expected to further strengthen economic ties between India and France while encouraging greater investment and technology partnerships in the years ahead.
Source: Ministry of Finance, Government of India
Original Report:
https://www.finmin.gov.in/
https://pib.gov.in/
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