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Welcome to Business France - The French Trade and Investment Commission in India

Business France publishes 2017 Annual Report

Sophie CANCIANI - 05-avr.-2018 07:02:23

Business France today published its “2017 Annual Report: Foreign investment in France. The international development of the French economy”. In 2017, France basked in the renewed confidence of foreign investors, whose investment decisions were an acknowledgement of France’s potential, highlighting the country’s key strengths in various job-creating and high value-added sectors. 1,298 new job-creating foreign investments in 2017   On average, 25 foreign investment decisions were made in France every week throughout the year. France attracted a total of 1,298 new job-creating foreign investments in 2017 – up 16% from the previous year – that created or maintained 33,489 jobs. France’s strong performance is due to a solid rebound in how potentially attractive France is seen on a whole host of criteria, including the business environment, a thriving French economy, sought-after expertise in various sectors, and strong awareness in global business communities of the reforms that France has undertaken in recent years. Key to this success were France’s numerous fundamental strengths: its central location, excellent communication and transport infrastructure, industrial prowess in a wide range of sectors, high productivity, and a well-qualified workforce. Taken together, these pro-business factors have already inspired a rebound in confidence from business leaders, with the business confidence index rising in November 2017 to its highest level in the last 10 years (OECD, INSEE). Importantly, more than 8 in 10 business leaders believe that the measures being taken by the French government are having a positive impact on France’s attractiveness to business. (Kantar Public/Business France survey) Selected key figures:   A 23% year-on-year rise in manufacturing projects, of which 16% were from German investors prioritizing France as its number one target for foreign investment in Europe. A 9% year-on-year rise in R&D projects, an area dominated by American investors targeting France as a choice location for their innovative operations. The United States reclaimed first place among source countries of foreign investment in France, while 58% of investment came from European countries.     The report seeks to shed light on the two ways in which the French economy is becoming increasingly globalized, and the trade and investment synergies that are fueling business development throughout the country. France’s strategic location makes it a natural export hub for countries throughout Europe and Africa. To find out more, click here to download the Annual Report.

Samsung To Establish Massive AI Research Facility In France

SC - 30-mars-2018 06:50:42

The centre is to be Samsung’s third biggest after those in South Korea and the US, with more than 100 researchers Samsung and Fujitsu are to establish substantial research centres for artificial intelligence (AI) in France, the companies announced ahead of the launch of a government AI initiative set for Thursday . Samsung’s French AI base is to be its largest after those in South Korea and the US, the company said. The announcement followed a meeting between French president Emmanuel Macron and Samsung strategy chief Young Sohn in Paris. “Great progress on artificial intelligence is happening in France,” Macron said in an English-language Twitter message . “Samsung chooses France to locate its new research center on artificial intelligence, creating more than 100 jobs. Thank you Young Sohn for taking the leap.” AI expansion The Samsung centre currently employs a team of 15 people in the Paris area. It plans to expand that to 50 scientists by the end of 2018, and eventually to more than 100 experts, according to local media reports. The larger facility is to be based either in Paris or in Saclay, in the capital’s south-west outskirts. Japan’s Fujitsu also said it would expand a team of 15 AI experts that is currently based in the elite Polytechnique engineering academy near Paris. “The group, after a review that lasted more than a year, found that France stood out from the crowd in the field of artificial intelligence,” said Fujitsu France managing director Benjamin Revcolevschi, according to Reuters. Macron’s Thursday announcement is expected to include a state investment designed to build on France’s position in AI, which is in turn based on the country’s strengths in mathematics. France and the UK are competing to attract talent and start-up investment capital in areas including AI and  financial technology  as Britain prepares to depart from the European Union.   Source : Silicon.co online media,   https://www.silicon.co.uk/software/samsung-ai-research-france-230787   

Gastronomic Indulgences

Purva Marwaha - 19-mars-2018 11:57:18

Surrender to the pleasures of an exquisite French gourmet dinner on 21 st  March. Participate in the worldwide fourth edition of the Goût de France/Good France initiative for a unique sensory experience. Your participation could take you and a companion to indulge in Beaune and Dijon in Burgundy, France!   Spearheaded by the French Ministry of Foreign Affairs and International Development and renowned chef Alain Ducasse, Goût de France/Good France offers cuisine aficionados in 5 continents a chance to truly appreciate the fine flavours of French cuisine on the same date! With around 63 participating restaurants in India serving a set menu, make sure you reserve a table for dinner at a restaurant in your city at the earliest!   Follow 3 simple steps to create your perfect Goût de France/Good France recipe:   Step1: Visit http://in.france.fr/en/information/win-delectable-stay-2-beaune-and-dijon-burgundy-good-france-contest and select a restaurant in your city from the list to make a reservation for dinner for March 21.  Step 2: Sign up here https://www.surveymonkey.com/r/9C22YPL to participate in our online contest. Step 3: To reconfirm your participation, click a selfie with the Good France menu at the restaurant on March 21 and upload it on your social media platforms tagging Atout France handles with the hashtags #ExperienceFrance #GoodFranceIndia    Send in your selfies to- @IN.France.fr for Facebook @IN_FranceFR for Twitter @Francefr for Instagram   The winner will be announced through a lucky draw after March 21 and shall win a trip for 2 to the cities of Beaune, France’s fairytale village and Dijon, best known for its mustard- in Burgundy, France!   A delectable stay in France awaits the winner: 2 return tickets in Economy by Air France and 2 Eurail passes from Rail Europe. -A 2 nights stay for 2 offered by Dijon Tourist Office including:   2 nights at the hotel **** Maison Philippe Le Bon (breakfast included) 1 dinner at La Closerie, 1 dinner at La Fine Heure. -Activities and visits of Dijon and of the Côte de Nuits vineyards.   -A 2 nights stay for 2 offered by Beaune Tourist Office including : 2 nights at the hotel le Cep***** 1 dinner in a Michelin-starred restaurant -Activities: discovery of Beaune’s cultural heritage, visits and wine tastings in the prestigious domains of Beaune and the Côte de Beaune vineyards   Prizes applicable for the winner and his/her companion.   If your taste buds are already appeased, then the time is just right to make your restaurant reservation! Your participation will also benefit a noble cause as restaurants are encouraged to donate some proceeds from this evening to a local NGO they support.   We wish you Bon Appétit!

The Lyra group participates in the delegation of French companies that accompanies French President Emmanuel Macron’s trip to India

Purva Marwaha - 15-mars-2018 10:43:35

    On the occasion of the French President’s visit to India on 10 th to 12 th March, 18 French companies, accompanied by The French Trade & Investment Agency - Business France, had been selected to join the President’s visit. The Lyra group, one of the leader in securing payments in e-commerce and proximity, was a part of this delegation. Present in India for more than 10 years now, Lyra currently has 60 employees in India successfully working with major banks across the country.  Beyond the recognition of its development growth in India, this trip  was an opportunity for Lyra to strengthen its network and its activities. “We are very proud to participate in this delegation that will accompany the President of the Republic France. This visit represents a unique opportunity to access key contacts, to boost our business and highlight our Indian "Success Story" , says Christophe Mariette, Chairman of Lyra India and Associate Director of Lyra Group. India is a very dynamic and innovative market with 7.6% growth per year, India is among the top 10 largest economies and is a true driver of global growth. The structuring of its market, especially around services and industry has the ease to do business which makes the country more and more attractive for international companies. In the payment sector, many changes are taking place boosting the economic growth. The vast demonetization plan launched in November 2016 has increased the use of bank cards across the country and has led to more technological advances, with a strong appetite for new mobile uses.   India is a strategic country for Lyra & the French company is contributing to several campaigns of the Government of India UPI, Bharat QR Code, Aadhar and is fully committed to Prime Minister Modi’s initiative on digitalization of the Indian economy.   Lyra has connected around 600,000 POS terminals pan India & has successfully done millions of transactions daily on payment platforms. Lyra has also brilliantly launched its ePayment Gateway   “ Payzen” which is being used by major eMerchants in the country. Lyra’s merchant Plug In(MPI) has demonstrated high success rates and reliability for a large number of eMerchants in the country. "Lyra is one of 400 French companies that have believed in the growth of the Indian market and chose to set up full-fledged operations in India," says Rajesh Desai CEO and Director Lyra India . “Today, our ambition in this highly dynamic market is to expand significantly and we are currently strengthening our Indian team to support our aggressive plans of offering highly advanced solutions in the payment space”.     About Lyra:    Founded in 2001 by Alain Lacour, Lyra secures e-commerce and proximity payments and develops value-added services to manage transactions and POS equipment on a daily basis. Based in Toulouse, Lyra is present internationally with 10 subsidiaries (India, Brazil, Germany,Spain, Colombia,Argentine, Mexico, Peru, Chile, Algerie). The group has over 250 employees for a turnover of €53M in 2017.   Lyra’s key figures:   Over 10 billion payments secured and transmitted in 2017 worldwide   Over 50,000 e-merchants   Over 3,000,000 payment terminals worldwide   Lyra’s services are certified PCI DSS, Visa Merchant Agent and approved by GIE Cartes Bancaires.   For further information visit: http://www.lyra.com      

A trade delegation of French companies organised by Business France will be in India during French President Emmanuel Macron’s visit (10th-12th March 2018)

Purva Marwaha - 08-mars-2018 08:18:34

On the occasion of the visit of the President of France, Business France accompanies a delegation of 18 French companies wishing to develop and strengthen their activity in India.   All sectors are represented: Industry, Energy, Infrastructure, Environment, Services, Health and Agriculture through the following companies:  2PS ; ABSOGER ; ACCUWATT ; DE VIALET ; ECM TECHNOLOGIES ; ELDIM ; ELISATH ; FAMOCO ; KERLINK; LABORATOIRE GILBERT ; LYRA NETWORK ; MCA PROCESS ; QOS ENERGY ; SOLEAN ; SIGFOX ; STERELA ; VALECO ; VIEUX POINTET.      Each of these companies will benefit from a specific Business Meeting program organized by Business France India. It is a huge opportunity for them to have more visibility, to participate in the highlights of the visit, to access key contacts, to accelerate their Business relations and to develop technological partnerships .   As of the top 10 largest economies today India is a driving force of global growth with the highest growth rate of the BRICS, which is expected to continue growing in the future (around 7.6% per year versus 3.5% for global growth). Moreover, the country is also committed to new important measures such as the standardization of the indirect taxation (Goods and Services Tax) which came into effect on July 1, 2017 as well as the reform of bankruptcy law to improve the ease of doing business in India (ranked 100th out of 188 countries according to the World Bank in 2018 and with an improvement of 30 places in a year). India is a growing market for our French companies with a potential to generate employment and is a huge added value and potential; in services, in the manufacturing sector and in high growth sectors like technology, software, energy and urban development. " Already over 400 French companies are in India, there is a potential for many more to come and develop business ties here ," said Sophie Clavelier, Senior Trade & Investment Commissioner for India based in New Delhi. French companies are looking forward to forging many partnerships and trade ties with our Indian counterparts in the public and private domain and this State Visit will be a huge opportunity to capitalise on for both parties.     Contact presse : Shilpa PATIL,   shilpa.patil@businessfrance.fr Cell + 91 98 33 90 22 60      

FAMOCO: a French company providing solutions to meet digitization needs in India

Purva Marwaha - 28-févr.-2018 11:55:50

It is estimated that by 2050, India will have a population of 1.7 billion and its urban population, boosted by rural exodus, will be around 850 million inhabitants which is the double of the existing population. In light of these colossal challenges & since the need for digitization is high, French company FAMOCO, the leader in secure professional devices, has opted to make India its primary development market. I n collaboration with the country’s leading national bank, State Bank of India (SBI) and partner system integrator.   FAMOCO offers unique solutions to meet the everyday consumer problems by enabling transactions digitally in India.    Since the demonetisation in November 2016, FAMOCO’s solution has provided a response to the recurring problems associated with the shortage of money in small denominations and the banking needs of people. The lack of cash is a real national issue, which has affected the most vulnerable populations. A lot of people in India do not have access to the financial services provided by traditional banks and therefore face difficulties with their day-to-day needs.    Working with its Indian partners, FAMOCO has a closed loop transaction solution used by thousands of shopkeepers, that simplifies low-value transactions. Currently being tested in several regions, FAMOCO payment cards and devices – which are far less expensive but just as secure as traditional payment solutions – provide a way of paying even the smallest amounts in shops and cafés, as well as for access to public transport. The introduction of digital transactions is helping to combat the informal economy and gives people the opportunity to open a cashless account. It represents a significant improvement in people’s day-to-day lives and offers the possibility to access microcredits. The company’s aim is to roll out FAMOCO’s solution across the country once the testing phase is complete.    Digitization to meet urbanization challenges According to a report published by the United Nations, India – the fifth largest global power in 2018 – is likely to have an additional 433 million city dwellers by 2050, taking the proportion of people living in urban environments from a third to almost a half. [1] With this in mind, the country is going to face huge challenges in terms of improving its infrastructure and resource management.   Payment, biometric identification, the traceability of goods and people, as well as problems associated with waste processing and recycling, all represent opportunities for FAMOCO to support the transition.   As Lionel Baraban, Managing Director of FAMOCO, explains, “ The authorities are looking for the most secure, flexible and inexpensive products to respond to the major issues India is facing. Our solutions offer a response to some of these issues, in areas such as payment, urban mobility and biometric identification, thanks to our cooperation with IDEMIA. India is a strategic market for FAMOCO: it was in New Delhi, in January 2016, that we chose to establish our first office abroad, while other high-tech companies usually look to the United States. That decision marked our commitment to contribute to India’s economic and social development as a French technological and business partner .”   Apart from the business aspects, FAMOCO is developing a truly long-term approach to the country, by supporting a more virtuous and efficient economy. The company counts 10% of Indian nationals in its workforce globally. In addition to their technical skills, they also bring their cultural knowledge of the country to the business.   About FAMOCO:      FAMOCO is a French company that designs secure professional devices to support businesses in their digital transformation in five sectors: payment, mobile working, logistic, identification and urban mobility. Created in 2010 by two Frenchmen, Lionel Baraban and Nicolas Berbigier, FAMOCO has already sold more than 180,000 devices to 450 customers in 30 different countries. The company has 80 employees in four offices: Paris, Brussels, New Delhi and Singapore. It generates 80% of its sales abroad with a prestigious client list that includes Orange, Alipay, Atalian, Gemalto and others.   For further information visit : http://www.famoco.com   [1] World Urbanization Prospects, UN, 2014, https://esa.un.org/unpd/wup/publications/files/wup2014-highlights.pdf  

The EDF Group pours all its energies into the new Solar Power Plan with a view to developing 30 GW of solar capacity in France by 2035

Sophie CANCIANI - 26-févr.-2018 08:04:09

Jean-Bernard Lévy, the EDF Group’s Chairman and Chief Executive, announced the launch the EDF Solar Power Plan. Over the period of 2020 to 2035, the EDF Group - through its subsidiary EDF Energies Nouvelles - intends to develop and build solar plants in France totalling 30GW of installed capacity, in addition to its other renewables development initiatives in France and worldwide. This volume is four times greater than France’s current solar energy capacity [1]   This ambition is aligned with the government’s goal of rebalancing France’s energy mix through the massive expansion of renewable energy capacity across the country. EDF’s Solar Power Plan is also expected to create tens of thousands of jobs in France during the construction period 2 .  The EDF Group will leverage all its resources in order to sustain a vigorous rate of expansion: -       Identification and use of land from its portfolio of land assets: locations close to nuclear power plants, reconversion of industrial wasteland or dismantled sites, development of floating solar plants on hydroelectric sites; -       Use of internal resources; -       Involvement of industrial and financial partners. Along with the above, EDF will also be working together with the public authorities to identify suitable parcels of land for the construction of new solar facilities. Statement from Jean-Bernard Lévy,  EDF Chairman and Chief Executive: " The Solar Power Plan is of an unparalleled scale and marks a real turning point in EDF’s development of solar power capacity. It is a concrete illustration of the goals outlined in the Group’s CAP 2030 strategy, which was initiated in 2015 and aim to double the Group’s installed renewable energy capacity by 2030. EDF now has a new roadmap in renewables for the next fifteen years". Statement from Antoine Cahuzac,  Group Executive Director in charge of Renewable Energies and Chairman-Chief Executive of EDF Energies Nouvelles :  " The EDF Group is recognised for its expertise both in France and abroad when it comes to developing all forms of renewable energy. We are proud of our pivotal role in the development of new solar power capacity in France. This effort comes in addition to our plans for expanding on wind and hydro capacity. It is a further sign of the Group’s commitment to the energy transition". A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.1 million customers, of which 26.2 million in France. The Group generated consolidated sales of €71 billion in 2016. EDF is listed on the Paris Stock Exchange. 1. As at 30 June 2017, France had 7.4GW of installed solar capacity. Source: Public statistics for the ministry in charge of environmental and social affairs. 2. 1MW accounts for 5 to 10 jobs during the construction period. Source: ADEME source : http://bit.ly/2CIuuOq

About
Sophie Clavelier, Country Head   Welcome to the French Trade Commission Business France in India!   Our key mission is to promote trade relations between France and India . We assist French-based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers and technical partners.   In India, our 4 offices are located in the business hubs of New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of over 30 experts in the following growing sectors: - Agro-business; - Lifestyle, Consumer Goods and Healthcare; - Infrastructure, Transport and Industry; - ICTs, Retails and Services.   Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework.  

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