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“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

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  

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.

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   http://en.businessfrance.fr/discover-france/international-development-of-the-french-economy   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: www.businessfrance.fr   Contacts: Julian Hoarau-Bouaziz Marketing and Communication Dept Email: Julian.hoarau@businessfrance.fr Téléphone: +91 (0) 11 43 19 63 03 M obile: +91 837 689 50 05 Purva Marwaha Marketing and Communication Dept Email: purva.marwaha@businessfrance.fr Téléphone: +91 (0) 11 43 19 63 06        

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: www.businessfrance.fr  
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

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