SEARCH RESULTS

Attractiveness recognized, French innovation acclaimed!

Purva Marwaha - 27-juin-2019 13:07:07
Attractiveness recognized, French innovation acclaimed!     The “France Attractiveness Survey” published by EY beginning of June 2019 records the international investments made in Europe each year and analyzes the perception that foreign economic decision-makers have of France; as such, it measures real and perceived attractiveness compared with France’s leading competitors.   Against a backdrop of falling investment decisions in Europe (-4% of projects recorded between 2017 and 2018), France confirmed its attractiveness, coming in second place of host countries in Europe, and recapturing the rank it had previously lost in 2010. With growth in projects of 1%, compared with a decrease of 13% in the United Kingdom and Germany, France posted 1,027 recorded projects and continues to build its image with economic decision-makers.   The image of an industrial and innovative France emerges in this barometer, with a strong dynamic of R&D investments and the maintenance of France’s industrial leadership of Europe. For the first time, France is ranked first among European countries as a destination for innovative investments (with 144 projects), bringing together more innovative projects than Germany and the United Kingdom combined.   There are over 150 companies controlled by an Indian investor operating in France, where they employ more than 7,000 people. Seventeen investments from India were recorded in France in 2018, creating or maintaining 141 jobs. Samvardhana Motherson Group and Rahman Group were a few big investments and re-investments made in France in 2018.     Indian projects often involved decision making centers (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).   France also confirmed its leadership as a host country for industrial investments in Europe, with 339 recorded projects, or 5% more than in 2017, as it continued to hold top spot for more than 15 years.   The perception survey that completes the report shows that since the start of 2019, France’s image has remained positive, despite a difficult social climate; 80% of investors set up in France declare themselves to be satisfied or very satisfied with their investments in France, while also highlighting that France must pursue its efforts to increase its attractiveness in fields as varied as education and training; reducing labor costs; reducing taxation; and supporting SMEs and mid-size companies.   “France is modernizing its economy and investors are sensing this strongly as they make long-lasting investments in our country. These results can be read coherently with the record year for foreign investment recorded by Business France. The support provided by the government to high-tech industries and innovative projects, even though it must always be constantly supported, is helping our teams at Business France to convince people and is helping investors to choose France as a destination for their European operations,” said Christophe Lecourtier, CEO of Business France.   “France is convincing more and more decision-makers. The reforms being led and confirmed by the French government show the collective will that exists to make our country more competitive and attractive. The successes of VivaTech and Tech For Good, as well as the emergence of future unicorns, clearly positions France as a European leader in innovation, as shown by the 144 R&D investment projects recorded by this report. From my recent meetings with investors in Hong Kong, Singapore, Berlin and New York, I know that this strong message about a France on the move is being heard. We remain strongly committed to make the potential of France better known, which is particularly necessary work with our non-European partners. We have to capitalize on this!” said Pascal Cagni, Chairman of the Board of Business France.

Indian Maritime sector: an Ocean of Opportunities

Purva Marwaha - 26-juin-2019 13:46:42
As India grows to be one of the major economies in the world, it will require a vibrant and strong maritime industry to strategically support this growth. India is the 16 th largest maritime country in the world and its maritime transport handles around 95% of India’s trading by volume and 70% in value terms. India’ s strategic location along most major shipping highways , with a vast coastline of 7500 km, endorses the growth of a Blue Economy   in a sustainable, inclusive and people centred manner.   India  is developing its  maritime infrastructure   as well as its inland waterways and coastal shipping through the launch of several major initiatives such as the Sagarmala project, ports modernization and Inland Waterways & Coastal Shipping development, which will revolutionize maritime logistics and port led developments in the country. India’s ambitious Sagarmala programme has identified 600 plus projects entailing huge investment of around 120 billion dollars by the year 2020. This will save nearly 6 billion dollars per annum in logistics costs besides creating 10 million new jobs and boosting port capacity by 800 MMTPA to an overall 3500 MMTPA. Coastal Economic Zones (CEZs) are being developed under Sagarmala with a proposed investment of 150 Million dollars per location. These CEZs will thus foster blue economy wherein industries and townships that depend on the sea and contribute to global trade through sea connectivity are envisaged. The Indian Navy too, is giving a strong push to the Make in India initiative as it strives for self-reliance in the production of warships.  Also, in view of the recent regulations to control emissions from ships set by International Maritime Organization, there will be a growing need to collaborate for environment-friendly technology & solutions, such as LNG powered vessels, as well as green ports. In the pursuit of these endeavours, another key area is training & development of manpower, university partnerships to encourage innovation, knowledge sharing and transfer through partnerships and technological assistance from maritime countries to orient the workforce towards world-class manufacturing techniques and processes. Keeping this ambition of India in mind, Business France in partnership with the maritime cluster, will be organising a Maritime days event focusing on important sub-sectors like port infrastructure development, port modernisation, shipbuilding, waterways etc. This program is scheduled to take place in November 2019 . If you wish to collaborate with us for this event, please write to zaver.mistry@businessfrance.fr     Sources : Business Standard, Forbes India

“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

Apple to move the manufacturing of iPhone X from China to India

Jean-François Ambrosio - 18-févr.-2019 07:51:53
  The trade war between China and the United States is pushing Apple Inc. to reconsider its production strategy.   Anticipating a possible embargo for chinese products to the USA, Apple Inc. will begin assembling its top-end iPhones in India, instead of assembling in China, through the local unit of Foxconn Technology Co. Ltd as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country.   The work will take place at Foxconn’s plant in Sriperumbudur, Tamil Nadu and will invest ₹ 2,500 crore to expand the plant, including investment in iPhone production creating 25 000 jobs.  

Indo-French joint venture GSE Avigna

Olivier Delbecq - 18-févr.-2019 07:27:54
  After an Indo-French joint venture company GSE Avigna signed a memorandum of understanding with the state government to invest 2,000 crore in the mega food park in Chennai. The project would generate jobs for 10,000 people. The entire project will be designed on the lines of Rungis, fish , meat , fruit, vegetables , dairy and flowers will be sold under one roof.  

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

Indian investment proposals in France jump 73% in 2017

Sophie Canciani - 22-mai-2018 07:20:56
India recorded the biggest rise of 73 per cent in investment proposals into France among emerging economies in 2017, according to a report. In 2017, there were 19 Indian foreign investment projects in France, up 73 per cent over last year when there were 11 such projects, according to the report -- The 2017 Annual Report: Foreign investment in France - The international development of the French economy. "Among emerging economies, India recorded the biggest rise," the report noted. In total, France recorded as many as 1,298 foreign investment projects in 2017, with the US emerging as the top investor. The proposals rose by 16 per cent from 2016. European countries remained the leading sources of foreign investment in France. The largest increase in investment decisions was from the US (up 26 per cent), Switzerland (up 40 per cent), Canada (up 37 per cent), the Netherlands (up 47 per cent) and Sweden (up 76 per cent). Moreover, India was also among the key markets that drive French exports in Asia along with China and South Korea. The report further noted that Indian IT major Infosys has announced plans to move its business forward in France via a strategic partnership with CMA-CGM. Infosys will open a centre for development and innovation in Marseille (Provence-Alpes-Cte d’Azur region), leading to 80 jobs and setting the standard for Marseille as a hub of expertise. There are also plans to open a training centre at some point, it added. The report further noted that foreign companies invested primarily in production/manufacturing operations, with 343 investment decisions in 2017, creating 16,123 jobs. "The growing numbers of investment decisions in France, and the jobs they generate, highlight the renewed confidence that decision-makers now have in a country on the move," said Christophe Lecourtier, CEO of Business France. Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France.   Source : Press Trust of India  
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, commercial and technical partners.   In India, our 4 offices are located in business hubs, New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of 38 experts in the following growing sectors: Agrofood Industry Industry and Cleantech Lifestyle and Healthcare Tech & 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. In

READ MORE

Facebook
Press area & Media Gallery
List of last comments

Bluestorage is a subsidiary of the Bollo...

Malcolm MESSIER | février 22, 2019

AdBGQi Thank you for this impressive rep...

best pron | janvier 29, 2018

pYktcT Well I definitely liked studying ...

just another | novembre 08, 2017

dv1KAR Say, you got a nice post.Thanks A...

best pron | septembre 20, 2017