Annual Report on Foreign Investment in France records over 150 Indian companies in France and 11 new investments from India in 2016

Purva Marwaha - 27-mars-2017 11:15:02
        Annual Report on Foreign Investment in France records over 150 Indian companies in France and 11 new investments from India in 2016             New Delhi, 27 th March, 2017 In the backdrop of the ongoing Creative France global campaign, Business France, the national agency for the international development of the French economy , recently published its “2016 Annual Report: Foreign Investment in France, the International Development of the French Economy”. The report reveals that there are over 150 Indian companies operating in France, where they employ more than 7,000 people. 11 new investments from India were recorded in 2016, creating or maintaining 171 jobs. According to this report, out of the Indian investments made in France in 2016: ·          36 % were in R&D and engineering activities; ·          27 % in decision-making centers; and ·          18 % in services to companies.   The Indian companies’ investments in France have been mainly in the IT, energy, recycling, aerospace and textile sectors. Some of the major Indian investment projects in France from the year 2016 include: - AEQUS (headquartered in Belgaum / Karnataka): After acquiring the SIRA Equipements plant in Besançon (Bourgogne-Franche-Comté region) in 2015 and saving 28 jobs, this Indian aerospace components manufacturer and solution provider confirmed it was hiring a further five employees in 2016. Aequs Aerospace is one of India’s fastest-growing precision engineering companies, and continued to further its expansion in France in 2016 by acquiring the SIRA Group. - ROYAL ENFIELD (headquartered in Gurgaon / Haryana): One of the most prestigious brands in the world of premium motorbikes alongside Triumph and Harley Davidson, Royal Enfield has set up its Western headquarters in Paris. It has opened a concept store in Levallois-Perret and an office for prospecting the French and European market. - ETOSHA (headquartered in New Delhi): This company specializes in the manufacture of fragrances, aromas and essential oils for the food industry, personal care and homecare. The company established its European subsidiary and creative laboratory in October 2016 in France, in the city of Grasse, for preparing formulations with French ingredients for the Indian and Middle Eastern markets.   Two Indian firms were among the winners of French Tech Ticket, a program designed for entrepreneurs from all over the world who want to create their startups in France:   1. GUESSWORK , an Indian start-up that provides a mobile app to connect customers to small e-merchants. Thanks to its incubation in Startup42, le Kremlin-Bicêtre (in the Parisian region), Guesswork has adapted its application to the European market. 2. DYMOND CLEANTECH , an Indian start-up which has developed an electrochemical solution for purifying water using diamond electrodes. Dymond Cleantech was incubated in La Paillasse, in Paris’ 2 nd arrondissement, in January 2016, where it benefited from technological workshops and co-working spaces to help it to reach its goal of commercializing its water purification processes not only in Europe but also in India, China and Africa. “The increasing interest in France of foreign and Indian companies and start-ups, such as Guesswork and Dymond Cleantech in 2016, confirms France as an attractive hub for innovation and creativity as a part of India’s expansion strategy in Europe. Indeed, with 100 000 engineers trained yearly, over 6 000 tech startups and over 200 tech startup incubators, acceleration programs, France stands among the leading tech-related entrepreneurship and innovation ecosystems worldwide” , said Alexandre Ziegler, Ambassador of France to India . In 2016, a total of 1,117 investment decisions – up 16%, with an average of 21 per week, representing the best year in the last decade – created or maintained 30,108 jobs (versus 962 decisions and 33,682 jobs in 2015). The number of decisions to invest at new sites in France grew 20%, accounting for a majority (51%) of all investment projects and 38% of all jobs generated (11,520 jobs). Foreign companies invested primarily in production/manufacturing and logistics operations, which accounted for 31% of all foreign investments in France (352 decisions) and 50% of the jobs generated (15,134 jobs). Ambassador Alexandre Ziegler added: “ With a 16% increase in investments in 2016 - that means an average of 21 investment decisions per week - the figures speak for themselves: France is an increasingly attractive investment location for foreign companies” . Key factors behind this success are France’s numerous globally recognised fundamental strengths: its central location in Europe, excellent communication and transport infrastructure, industrial skills in a wide range of sectors, high productivity, a well-qualified workforce and innovation. Thus, France continues to attract investment to ‘strategic’ business activities, and has now been Europe’s leading destination for foreign investment in the industrial sector for more than a decade. Innovation is recognized by business decision makers to be a driving force behind France’s attractiveness as an investment location, as is the thriving “La French Tech” ecosystem. In 2016, the 155 investment decisions in R&D, engineering and design, including 72 in R&D alone, confirmed this trend. This report seeks to shed light on the way 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. In 2016, as in the previous year, 30% of French exports were made by foreign-owned subsidiaries in France. To download the Annual Report, a summary and key extracts, click here   About 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. It promotes France’s companies, business image and nationwide attractiveness as an investment location, and also runs the VIE international internship program. Founded on January 1, 2015 through a merger between UBIFRANCE and the Invest in France Agency, Business France has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners. For further information, please visit:   Contacts: Julian Hoarau-Bouaziz Marketing and Communication Dept Email: Téléphone: +91 (0) 11 43 19 63 03 M obile: +91 837 689 50 05 Purva Marwaha Marketing and Communication Dept Email: Téléphone: +91 (0) 11 43 19 63 06        

Bangalore Startup Shoots For The Moon Propeled By Nandan Nilekani, Ratan Tata And Others

Purva Marwaha - 06-mars-2017 10:24:17
Bangalore Startup Shoots For The Moon Propeled By Nandan Nilekani, Ratan Tata And Others A team of more than 100 techies--young engineers guided by a group of retired senior scientists from the Indian Space Research Organization (ISRO)--is building a spacecraft to soft-land a rover on the moon by the end of this year and fly the Indian flag up there on the country’s Republic Day (January 26, 2018). The spunky Bangalore startup has already secured a contract with ISRO for sending the spacecraft into orbit around the Earth aboard ISRO’s Polar Satellite Launch Vehicle. Team?Indus, cofounded by IIT grad and serial software entrepreneur Rahul Narayan, is one of five teams around the world competing for the $20 million Google Lunar XPrize that is intended to promote entrepreneurial space exploration. The others in the fray are the U.S.’ Moon Express, Israeli nonprofit SpaceIL, Japan’s Hakuto and Synergy Moon (an international collaboration from 15 countries). The winner is required to land the craft and release the rover, which has to move 500 meters on the lunar surface and beam high-definition photos and videos back to Earth. The Indian team has already cleared one milestone, landing technology, and has netted $1 million from GLXP. GLXP’s stipulation is that 90% of the mission cost has to come from private sources. Part of the funding will come from selling taxi services: For instance, competitor Hakuto’s rover will hitch a ride on the Indian spacecraft. "The development of the spacecraft is in progress now," says fleet commander Narayan, 43. "We have all the key alliances in place. We can make this happen." The trip to the moon has big backing from these business leaders: Nandan Nilekani Software giant Infosys’ cofounder, with a net worth of $1.6 billion, is the biggest investor in TeamIndus.   Rakesh Jhunjhunwala Hailed as India’s Warren Buffett, the star investor who stays away from startups has made an exception with the lunar company. Ratan Tata Former chairman of the $103 billion (revenue) Tata conglomerate is a big backer of startups in India. Venu Srinivasan South Indian business leader chairs India’s third-largest two-wheeler maker--the $1.7 billion (fiscal 2016 revenues) TVS Motor Co. Sachin & Binny Bansal Cofounders of e-commerce marketplace Flipkart--referred to as India’s Alibaba--take a leap into space.   Source:

Electric bicycles set to hit Amaravati roads

Purva Marwaha - 01-déc.-2016 06:35:26
Chennai-based varsity makes a proposal for introduction of ‘smart’ transport in the region Will an electric bicycle hit it big in Amaravati, the new capital of Andhra Pradesh? The answer could be ‘yes’ if Chief Minister N. Chandrababu Naidu who has a penchant for all things ‘smart’ approves of a proposal by the Chennai-based Veltech Dr. RR & Dr. SR University. A team representing the university is in the city to meet Mr. Naidu on Wednesday and put forth a proposal to introduce ‘smart’ eco-friendly transport in the form of an innovative blue-tooth-embedded e-bicycle in the Amaravati region. The university has developed a prototype of what it claims socially relevant technology with high impact on society, in partnership with Francecol Technology, a French company. The project was recently approved under Industry-Academia Research and Development Programme and funded by Indo-French Centre for Promotion of Advance Research (CEFIPRA). “We wanted to develop an embedded wheel drive electric motor with special design features for superior performance at lower cost when compared to the electric cycles currently available. One of the aim was to develop motors without permanent magnets. This technology has spin-off applications in wheel chair and other electric vehicles. The product will be marketed in India and Europe,” said Francois Bernot of the French firm. Veltech and FranceCol are contributing to the design and technology area while the French University partner Centrale Superlec at Gif sur Yvette will analyse and test the product and Indian industry partners Joshi Electronics & Electrical Pvt. Ltd, Pune and Gurgaon-based Turnpoint Technologies are responsible for manufacture of prototypes and commercial operations.   Objective “Our concept’s first objective is to create an electric assistance for bicycles and wheel chairs by integrating our ultra thin and high frequency electric engine to one of its wheels with its power electronics and sensor. This innovation is a result of seven years of research and development. Applied to an aeronautic system, tested and approved, this engine has the advantage of being simple to build and economical,” said Dr Francois Bernot. “Imagine if the city has 10,000 such bicycles, the roads would turn into paradise,” said U. Chandrasekhar, Pro Vice-Chancellor of the university. The university has developed four such cycles.   “The cost factor may come down once we start mass production,” said Mr. Chandrasekhar.   Source: The Hindu, 29th November 2016

Successful panel discussion on the "Role of technology and innovation in Indian transport"

Julian HOARAU - 02-sept.-2016 06:10:01
  A panel discussion was held at the Residence of the French Ambassador in New Delhi on Wednesday, August 24, 2016 on issues related to innovation and technology in the transport sector in India. The event was an initiative by the French company BlaBlaCar, a leader in long distance car-pooling and now has over 3 million users across the country and established in India since January 2015. This event, organized by Business France, brought together one platform more than 50 participants: senior Indian government officials, CEOs from the public and private sector, representatives of the Indian government (Ministry of Transport & Planning Commission) and the French business community. Important topics such as urban mobility, inter-city connectivity, multi modal transportation, safety of travellers, environmental protection and the regulatory environment were covered in the discussions.   This discussion also highlighted French creativity, especially the innovative solutions offered by the startup BlaBlaCar. This event, organized within the framework of the Creative France campaign currently being promoted in India, has concretely demonstrated the French know -how in the areas of innovation and transport and their willingness find solutions, just like BlaBlaCar, with the aim of supporting India in its implementation of long term, sustainable  & innovative solutions in the area of transport.  

FranceCol named the new face of Creative France in India

Julian HOARAU - 16-août-2016 07:05:56
NEW DELHI. AUGUST 1st, 2016 – A jury of distinguished businessmen and institutional representatives in New Delhi led by the French Ambassador and Business France, France’s national agency supporting the international development of the French economy, has chosen FranceCol Technology as the new face of Créative France in India.   Following the official launch of Créative France in January aimed at showcasing French ingenuity across various sectors; #CreativeNextIndia was the second phase of the campaign to identify an inspirational French entrepreneur or small or mid-sized enterprise (SME) who has demonstrated creativity and innovation in their business, to be named a campaign ambassador. French entrepreneurs and many French companies of all sizes have chosen to set up business to showcase their innovative expertise in India. They form the pool of creativity that the Embassy has wished to highlight this year with the #CreativeNextIndia challenge.     FranceCol, a young R&D company, was named the next face of the campaign for its creation of a wheel drive. With an aim to revolutionize sustainable development in India, FranceCol Technology has developed an embedded wheel motor, which allows the electrification of any bicycle, motorcycle or wheel chair, without any structural modification. This cost effective solution for urban mobility converts mechanical energy to electrical energy and is poised to revolutionize transportation in India. It is environment friendly, durable and presents a perfect solution to using public transport in the cities as well as in rural India. The battery operated bicycle is built to travel 100 kms in a single charge and is ideally adapted to young Indians who do not want to depend on public transport, and would like to commute efficiently and at a reasonable cost.   Addressing the French community in India, Ambassador Ziegler said, “ France is a creative and innovative country. It is the world’s fourth most dynamic country for patents. Here, in India, more and more of our companies are locating R&D centres, which innovate, create and eventually make in India some of the solutions that will shape tomorrow’s world. In the backdrop of the Creative France campaign, I am proud to award a French company in recognition of its spirit of innovation .”   Dr François Bernot, ‎Scientific Director - FranceCol Technology , observed, “ The Indian market is huge, with a true need for cost-effective devices. Our electric bicycle is the fruit of a joint R&D collaboration of Indian and French teams. They have invented a solution that adheres to the principles of “sustainable development’, “frugal innovation”, and is accessible to all and perfectly suitable for transporting a large number of Indians .” The CreativeNext contest was hosted on Twitter from June 14 and urged participation from small and medium-sized French businesses. All participants were encouraged to submit a short video; picture or presentation, showcasing their groundbreaking business model. For more information on Créative France and the global campaign ambassadors, please visit:  

Creative France Enhances India’s Smart City Agenda

Purva Marwaha - 11-mai-2016 11:11:31
With an aim to establish a lasting, positive dialogue with  India  about ’ France Inc .’ and its ability to innovate, Business France, the agency for international development of the French economy, hosted the  France India Business Summit.  The event, organised as part of the on-going Creative France campaign, showcased the work of some of  France’s  top technology companies and start-ups who aim to revolutionize smart city planning and sustainable development in  India . These technologies range from urban planning, architecture, waste management, water supply, transport planning and operation to IoT solutions and more. Addressing a gathering comprising of  India’s  top brass and captains of Indian industry,  Dominique Frachon , Director Invest Business France India,  said, "Indo-French Business Summit served as a platform to showcase, through Creative France, the whole French creative ecosystem and their recognised expertise in the urban development sector. With our multi-disciplinary approach, we aim to provide holistic solutions to help  India  achieve its smart cities vision." Some of the biggest technology names, SME’s and public authorities in  France  including IAU Paris Regional Planning Agency, CEA Tech, and Dassaut Systemes presented their expertise and innovative solutions in the context of the tremendous dynamism of the Indian urban infrastructure sector and the unparalleled challenges that Indian urban territories are currently facing. Such interactions between French solution providers and their potential Indian partners and end-users are aimed at determining the necessity of French solutions to tackle the challenges faced by Indian cities as they gear up to go ’ smart ’. Jagan Shah , Director National Institute of Urban Affairs,  said, "The collaboration with the French institutes and agencies will be very beneficial to  India’s  smart city mission because  France  is a world leader in innovative research and development on urban planning and development. For example,  France  has developed innovative ways to capture urban land value and the French people have been the beneficiaries because their cities have become more financially self-sufficient, thereby improving local quality of life.  France  can also help with institutional collaborations that result in skill development, new solutions and the productive use of advanced technology for smart cities project. The areas of urban and regional planning, and incubation of appropriate technologies should also be explored."

12 new Indian investments in France recorded in 2015

Thomas ILHE - 29-mars-2016 15:19:10
In the backdrop of the ongoing global Creative France campaign, Business France, the national agency supporting the international development of the French economy, released the 2015 Annual Report: Foreign investment in France , which analyzes foreign investment decisions in France and their contribution to the French economy. The report reveals that there are over 120 Indian companies operating in France, where they employ more than 7,000 people.   According to the 2015 Annual Report: Foreign investment in France , of the total Indian investments in France in 2015,   42% were in production/manufacturing operations 33% were in business services and 17% in decision-making centers 17% were in energy, recycling, other concessions More than 1/3 was in energy (17%) and aerospace, naval and railway equipment (17%) Some of the main Indian investment projects in France in 2015 include:   • AEQUS , a Belagavi-based company specializing in developing and producing engineering solutions for the aerospace, automotive and oil & gas sectors, acquired the Besançon site of the French company Sira, an aerospace component manufacturer that had gone into liquidation. Further to this acquisition, in January 2016, Aequs wholly acquired Sira, which operates six sites in France and one in Morocco. Aequs employs 320 people.   • WPIL , a Kolkata-based company, manufactures pumps used in water distribution systems and nuclear infrastructure, among other applications. It acquired the French company Pompes Rutshi, based in Mulhouse. Pompes Rutshi, an active player in the design and manufacture of high-tech pumps for the oil, gas and nuclear sectors, has a 40-strong workforce.   • DNP INTERNATIONAL , a Surat-based company which designs and produces analysis instruments for use in industry (quality tests in industrial processes) and sustainable development (environmental impact measurements, pollution control), acquired the Grenoble-based firm Tethys, which employs 10 people. Twelve new investments from India were recorded in 2015, creating or maintaining 290 jobs. “ 2015 witnessed a renewed emphasis on Indo-French investment as both countries shared a common vision of manufacturing excellence and energy efficiency. With the help of the Creative France campaign, Business France was able to enhance its outreach to India and foster long-lasting ties with some of the most renowned names in innovation and sustainable development ,” commented Muriel Pénicaud, France’s Ambassador for International Investment and CEO of Business France . In addition to these five companies, one could equally mention the investments in France of groups such as: Infosys, Wipro, Bharat Forge, Muragappa, United Phosphorus, Crompton Greaves (Avantha Group), Titagarh, Air Works, Biological E, Transasia, Axis Aerospace, etc. “ These investments highlight the attractiveness of France for Indian investors who leverage the expertise, competencies and creativity they acquire in France, in order to increase significantly their contribution to the “ Make in India” initiative. One of the main assets of France for Indian investors is its state-of-the-art facilities in innovation and R&D ,” said François Richier, Ambassador of France to India . The 2015 Annual Report: Foreign investment in France released yesterday analyzes foreign investment decisions in France and their contribution to the French economy. In 2015, 962 investment decisions created or maintained 33,682 jobs, the best figure in the last five years. With an average of 19 decisions made every week, 2015 saw a 27% increase in jobs generated by foreign investment, up from 26,535% in 2014. Foreign investments were received from 53 different countries in 2015, up from 47 in 2014: those from European countries remained predominant (60% of all foreign investment decisions), followed by North America (22%) and Asia (13%), in very similar proportions to 2014. The leading source countries were the United States (18%), accounting for one-quarter of all inward R&D investments; Germany (15%), accounting for 26% of all foreign production/manufacturing projects; Italy (9%), providing 31% of inward investment in logistics; the United Kingdom (8%), accounting for 22% of all foreign investment in retail outlets; and Japan (6%), the fourth leading source of foreign production/manufacturing investment. BRIC nations (Brazil, Russia, India, China) accounted for 7% of inward investments in France (68 investment decisions), including 44 projects from China and Hong Kong. Project numbers were up for many source countries, including Canada (38 projects, +31%), the Netherlands (37 projects, +12%), and Ireland (15 projects, +114%). France’s thriving regions and cities are often a decisive factor in attracting foreign investment to all of France’s regional economies. Ile-de-France (Paris region), Auvergne-Rhône-Alpes and Alsace-Champagne-Ardenne-Lorraine attracted more than half of all foreign investment decisions. The leading regions by jobs created or maintained were Ile-de-France (Paris region), Nord-Pas-de-Calais-Picardie, Alsace-Champagne-Ardenne-Lorraine, and Auvergne-Rhône-Alpes. Analysis by business activity shows that Ile-de-France (Paris region) attracted 64% of all foreign investments involving decision-making centers (mostly first-time investments in France). Alsace-Champagne-Ardenne-Lorraine (20%) and Auvergne-Rhône-Alpes (17%) stood out in attracting production/manufacturing projects, as did Ile-de-France (Paris region) (31%) and Languedoc-Roussillon-Midi-Pyrénées (13%) for R&D projects. Foreign companies currently generate 32% of French exports. Figures from the French National Institute for Statistics and Economic Studies (INSEE) show that more than one-quarter of foreign-owned company turnover in France was generated through exports in 2015, compared to 31% in the United States, 21% in Germany, 25% in the Netherlands, 15% in the United Kingdom, and 30% in Japan. About 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. It promotes France’s companies, business image and nationwide attractiveness as an investment location, and also runs the VIE international internship program. Founded on January 1, 2015 through a merger between UBIFRANCE and the Invest in France Agency, Business France has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners. For further information, please visit:  
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


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