Press Release

“2018 Annual Report: Foreign investment in France” published Ambassador Alexandre Ziegler welcomes increasing Indian investment in France

Sophie Canciani - 29-avr.-2019 08:46:11

New Delhi. April 12, 2019. The “2018 Annual Report: Foreign investment in France”, which was released at a press conference held earlier this month at the French Ministry for Economy and Finance, is a testimony to foreign investors’ renewed confidence in France as a business destination. The report was unveiled by Mr Bruno Le Maire, Minister for Economy and Finance, Mr Christophe Lecourtier, CEO of Business France, and Mr Pascal Cagni, Chairman of Business France and Ambassador for International Investment. A total of 1,323 investment decisions in France in 2018 – at an average of 25 decisions per week – created or maintained 30,302 jobs. Investments at new sites increased by 14% in 2018, with 741 new decisions, thus representing more than half (56%) of total investments. This increase in investment in new sites reflects France’s popularity and attractiveness. There were 500 investments that involved the expansion of existing operations , thereby generating 15,588 jobs in 2018. Welcoming the upsurge in Indian investments in France, Ambassador of France to India, H.E. Alexandre Ziegler said, “W ith 17 investment decisions, recorded in 2018, and more than 150 Indian companies already in France , employing more than 7,000 people, Indian investments reflect the improvement in France’s image as a business hub.” In 2018, Indian projects often involved decision-making centres (59% of projects; 53% of jobs) and production/manufacturing operations (18% of projects; 34% of jobs). Investments were mainly made in the software and IT services sector (24% of projects; 30% of jobs), and the machinery and mechanical equipment sector (12% of projects; 21% of jobs). Sophie Clavelier, Senior Trade and Investment Commissioner for India, VP of Business France for South Asia , added, “The diversity of France’s regions and cities continues to drive their attractiveness among Indian investors. Ile de France / Paris region (59% of projects; 50% of jobs) , Auvergne-Rhône-Alpes (18% of projects) , Grand Est (12% of projects), Hauts de France, Nouvelle Aquitaine and Occitanie were home to the main Indian investment decisions in 2018.” Business France, together with its French regional partners, helped secure major new Indian investments like Samvardhana Motherson Group, which invested €201 million for the acquisition of Reydel Automotive and Rahman Group. Thereafter, it acquired French safety footwear key player, Lemaître Sécurité SAS, in 2007, and is now reinvesting in the Grand Est region through the construction of its first 4.0 production facility. Trade between France and India continues to expand: French companies have today more than 550 Indian subsidiaries (with more local establishments that cover the entire territory) and currently employ approximately 360,000 people, for a cumulative turnover of € 12.1 billion To strengthen trade and investment links between French and Indian companies, Business France organizes a major annual Indo-French Business Forum , Ambition India , which includes sessions on business environment, project’s financing, HR, attractiveness and sectorial roundtables, networking lunch and B2B meetings. The 2019 edition will take place in Paris on 21 st May, at which more than 200 companies , experts, advisors and representatives of government bodies are expected. H.E. Alexandre Ziegler will participate in Ambition India and will also lead a delegation of Indian investors to France in Bordeaux, Paris and Lille the same week. *** Note to Editors Business France, the national agency supporting the international development of the French economy, is responsible for fostering export growth of French businesses, as well as promoting and facilitating international investment in France. It promotes France’s companies, business image and nationwide attractiveness as an investment destination, and also runs the VIE international internship programme. Business France has 1,500 personnel, in France and in 58 other countries throughout the world, who work with a network of partners. For further information, please visit: www.businessfrance.fr   Business Forum Ambition India: www.ambitionindia.fr

Press Release
  Business with France

Business with France

Global sporting retailer, Decathlon, opens 1st store at Battaramulla

Purva Marwaha - 22-oct.-2018 10:49:46

Opening up a whole new world of sports innovation for Sri Lanka, Decathlon Sri Lanka has launched its first store at Battaramulla on 13 th October 2018, located at 260/1, Pannipitiya Road, Battaramulla, prominently located beside the Buddhadasa ground. Demonstrating its passion for sports, Decathlon’s store offers a unique sport store concept that showcases 2500 products catering to 50 sports, coupled with a distinctive and personalised customer service. The store is spread across 1200 m 2  space dedicated for sports to allow shoppers and sports lovers to browse the store at leisure. The store caters to all levels of sports enthusiasts, from beginners to advanced. Decathlon not only provides quality sports gear, but also offers a 500 m2 free access playground for football & multisports; 4 indoor experience zones (for football, fitness, cycling and trekking); along with 50 sport practices under the same roof and 2500 products – a true paradise for sports lovers. The store will be open from 9 am to 9 pm and offers spacious parking for 100 cars. Expressing his delight at the launch of Decathlon’s first store, Etienne Mafart, Country Leader of Decathlon Sri Lanka said, “Decathlon is committed to converting people to adopt healthy lifestyles through fitness and sports. We are all delighted sportspeople who have turned our passion into our job, which is to make sport accessible for many. For four decades now, Decathlon’s teams have accompanied, facilitated – and even revolutionized – the practice of athletes around the world. At Decathlon, innovation holds a primordial place both in our stores and in our products. Behind each product, there is an idea, an expectation, an intuition…. emanating from an athlete, a sport user or a Decathlon teammate. We see a similar passion for sports amongst Sri Lankans and we hope Decathlon inspires them even more to pursue sports. We are thrilled to make Decathlon a part of the city’s sport ecosystem. We are proud to welcome Sri Lanka into Decathlon’s network of 45 countries and 1414 stores.” Decathlon already has a decade-long footprint in Sri Lanka, where it has based one of its main manufacturing facilities. After 10 years in Sri Lanka, Decathlon will be manufacturing 45 million products in 2018 with the involvement of its industrial partners. Its factory has 80 associates engaged in production compliance, quality and service. In Sri Lanka, 20 000 employees work for Decathlon, from 15 suppliers in 18 factories. The company has exported 2600 containers globally in 2018. Vatsal Pant, Store Leader, said, “The Decathlon store boasts a team of 40 passionate sports lovers engaged in a variety of sports who are truly dedicated to make sports accessible for all in Sri Lanka. Together we will inspire Sri Lankans to keep playing sport with a smile!”   Sensitive of giving back to society, Decathlon is associated with a host of sustainability initiatives globally. In Sri Lanka, the company is focusing on revealing the potential of young women in Sri Lanka. Commenting on Decathlon’s commitment, Suranjani Wickremeratne, Founder Member of Tarana Foundation added, “Tarana Foundaion is happy to collaborate with Decathlon Sri Lanka on their CSR Project to provide young girls in children’s homes an opportunity to harness and build their personality through an effective sports program. This will enable these young girls to raise the bar and will strongly support pursuing their life ambitions.” Decathlon was established in Englos, France, in 1976 and reported a turnover of 11 billion€ as at end 2017. It is the largest sporting goods retailer in the world.       Source: Lanka Business Online: https://bit.ly/2q3feaP

Press Release
  Lifestyle and Healthcare

Tourism, Hospitality, Sport

Keolis opens a new section of the Hyderabad automated metro (India)

Sophie Canciani - 25-sept.-2018 06:57:20

  On Monday 24 September, 2018 Keolis opened a new section of the automated metro line 1 in Hyderabad, adding 16 km of track to the existing 30 km   With this new section, the network is now 46 km long and is expected to carry more than 150,000 passengers per day   This achievement paves the way for the final phase of the network and confirms Keolis’ leadership in automated metro systems   Keolis and its partners have completed the opening to the public of the first line of the automated metro in Hyderabad, which was partially opened in November 2017. This extension adds 16 km of track to the current 30 km network in use. To mark the occasion, an official flagging-off ceremony was held on Monday 24 September at Ameerpet station in the presence of the Governor of Andhra Pradesh and Telangana States, His Excellency E.S.L. Narasimhan.   With the extension, the network now stretches over two lines for a total of 46 kilometers and includes 40 stations, which places Hyderabad’s metro as the second biggest network in India. The extended line, which now links Ameerpet to LB Nagar, includes two important interchange stations, Ameerpet and MG Bus Stations, with the latter being one of the biggest elevated stations in the region. It now allows commuters to reach the south east of the city, and thus crucially serve the most densely populated areas of Hyderabad, which are located nearby to its old city. The number of daily passengers is expected to rise from 85,000 to more than 150,000. When the network is finally completed in 2019, it will be 72 km long, include 66 stations and carry an expected 1.5 million passengers per day.   Eric Moinier, Managing Director of Keolis Hyderabad, said: “ This is a major milestone we have reached today alongside our client and partner Larsen & Toubro and it takes us closer to the final stage of the network’s completion, which is expected to happen within the next year. With this extension more Hyderabad residents and visitors - to this growing city - will benefit from a modern, clean and safe transport solution. We will continue to strive to give them the best passenger experience.”   The 18 trains running on the network are built by Hyundai Rotem and equipped with the communication-based train control (CBTC) system provided by Thales, which allows improved headways and safety for passengers.   Keolis was awarded the operations and maintenance contract in 2012 by the concession-holder L&T Metro Rail. The core elements of that contract includes operating and maintaining 57 metro trainsets as well as stations, depots, track, signalling, telecommunications, ticketing systems and ticket sales at stations. Keolis Hyderabad currently has 800 employees.   As a pioneer and global leader in automated metro systems, Keolis counts 320 km of lines in cities such as Hyderabad (India), London (United Kingdom), Lille and Rennes (France), Shanghai (China) and Doha (Qatar).   About Keolis   Leading the way in public transport, Keolis partners with public decision makers to make shared mobility an asset for cities and their communities. Internationally recognised as the leading operator of trams and automated metros, Keolis adopts a determined innovation approach with all its partners and subsidiaries (Kisio, LeCab, EFFIA, Keolis Santé and Cykleo) to develop new forms of shared and customised mobility, and reinforce its core business across a range of transport modes including trains, buses, cars, trolleybuses, shared private hire vehicles, river shuttles, ferries, cycles, car sharing services, electric autonomous vehicles and urban cable cars.   In France, Keolis is now the leader in medical transport services through the creation of Keolis Santé in July 2017 and positioned as the number two car park operator, through its subsidiary EFFIA.   The company is 70% owned by SNCF and 30% by the Caisse de dépôt et placement du Québec (CDPQ). Keolis employs 63,000 people in 16 countries and recorded a turnover of 5.4 billion euros in 2017. Today, over 3 billion passengers worldwide have used one of the shared mobility services offered by Keolis. www.keolis.com   * Historically based in France, Keolis has expanded its operations in Germany, Australia, Belgium, Canada, China, Denmark, India, Luxembourg, Norway, the Netherlands, Portugal, Qatar, Sweden, the UK and the USA.

Press Release
  Industry and CleanTech

Rail and Urban transport

Technique Solaire wins its second project in India of 20MW AC

Sophie Canciani - 25-mai-2018 08:27:22

After the first ground mounted solar project of 5 MW AC commissioned in March 2017 in the state of Uttarakhand, India, the Technique Solaire group continues its international growth by winning their second project in the state of Maharashtra, India. The construction of this solar photovoltaic power plant of a total capacity of 20 MW AC will take place in 2019.   This new success marks a new step into Technique Solaire’s development in India.   With an objective of 100 GW to be installed by 2022 and the creation of the International Solar Alliance (ISA) in partnership with France, the Indian government makes solar energy development a priority. Despite a very strong competitive environment for solar sector in India, this win indicates Technique Solaire’s ability to realize large-scale projects. With the projects won during the last tenders in France of the Commission de Régulation de l’Energie (CRE), the group now has a “pipeline” of 90 MWp solar photovoltaic projects to be built within the next 20 months. In addition, the group will launch the construction of its first Biogas injection plant in the second semester of 2018. In parallel, Technique Solaire continues to study new opportunities for the group in one or two other countries.

Press Release
  Industry and CleanTech

Electricity, Renewable energy, Nuclear

Orolia Awarded $34 Million Contract to Deliver Personnel Recovery Devices to the US Army

Sophie Canciani - 03-mai-2018 06:03:18

  Sophia-Antipolis, France, April 11st, 2018 – Orolia, a world leader in Resilient Positioning, Navigation and Timing (PNT) solutions with a significant presence in the Asia Pacific region, announced today that its subsidiary McMurdo Inc. was awarded a $33,986,800 contract to manufacture Personnel Recovery Devices (PRD) for the US Army. This PRD is a dual-mode, MIL-SPEC Personal Locator Beacon that will be integrated into the Army’s Personnel Recovery Support System (PRSS). The PRD will be capable of transmitting both open and secure signals (training-combat dual mode) to alert and notify that a soldier has become isolated, missing, detained or captured.    This innovative positioning device will optimize a successful rescue operation for soldiers in a distress situation through secure enhanced capabilities. It has been designed to meet military standards and specifications, and has improved accuracy, decreased size, weight and power (SWaP) requirements.    “We are extremely proud and honored to have been selected by the US Army as the provider of this critical positioning device for the safety of US warfighters. Easy to incorporate into Personnel Recovery operations, the PRD is based on Orolia’s new rugged and small PNT platform dedicated to Combat Search and Rescue (C-SAR) and other dismounted soldier Assured PNT applications. This award, which follows the 2016 contract from the U.S. Coast Guard to produce 16,000  FastFind 220  personal locator beacons, is a testimony to Orolia’s world leadership in Resilient Positioning, Navigation and Timing,” said Jean-Yves Courtois, CEO of Orolia.    The Personnel Recovery Support System, Personnel Recovery Device contract was awarded by the U.S. Army Contracting Command, Aberdeen Proving Ground, Maryland on behalf of the Army Air Warrior Product Management Office at Redstone Arsenal in Huntsville, Alabama with an estimated completion date of March 6, 2022.    About Orolia Orolia is a world leader in Resilient Positioning, Navigation and Timing (PNT) solutions that improve the reliability, performance and safety of critical, remote or high-risk operations. With expertise in government, maritime, aviation and enterprise applications, Orolia provides virtually fail-safe GPS/GNSS and PNT products and solutions for their customers’ most mission critical needs. Orolia’s European headquarters is in France, with a commercial presence in more than 100 countries worldwide. www.orolia.com   Orolia US Press Contact: Elodie Cally – PR / Communications Director    elodie.cally@orolia.com  

Press Release
  Tech and Services

Telecommunications

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

Sophie Canciani - 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      

Press Release
  Tech and Services

Trade and distribution

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      

Press Release
  Industry and CleanTech

Electricity, Renewable energy, Nuclear

About
Business Services Department Our value proposition to French companies and their subsidiaries in India; ·          Market Access: project analysis from the fiscal & legal point of view, comprehensive assistance from the preparatory stage of your project until the creation of your legal entity in India & assistance in the choice of the right partners. ·          Media Relations & Communication: writing & issuing press releases, coordinating interviews with the targeted newspapers & magazines, designing a media plan, organizing events and inviting your customers and preferred partners with the support of the French diplomatic network in India. ·          French International Volunteership (VIE program):  skilled & operational young graduates, between the age of 18 and 28, on a working assi

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