SEARCH RESULTS

France, the new European place for Finance

Purva Marwaha - 27-juin-2019 13:18:39
France, the new European place for Finance   DID YOU KNOW? 4 reasons why France is becoming the new European place for Finance   1. A LEADING ECONOMY #5 world’s economy #2 European market: €2,210 bn (2017) up 2% GDP growth in 2018 Euronext: Eurozone Equity #1 stock market in capitalization   2. A LEADING FINANCE INDUSTRY     IN THE EUROPEAN UNION #1 for asset management #1 for private equity and venture capital #1 for insurance and banking solutions 6 French schools in the Financial Times ’s global Top 12 for best Masters in Finance   3. MAJOR OPPORTUNITIES #1 concentration of global Top 500 corporate HQs in Europe #2 household savings rate in Europe #1 R&D environment in Europe Pro-business government and local authorities   4. AT THE HEART OF THE EUROZONE A direct access to 500 million European consumers Relocation of the European Banking Authority in Paris An access to Europe, through the financial EU passport, and a gateway to the world, through bilateral agreements     A PRO-TECH GOVERNMENT “France is witnessing reform at a rate never seen before” Financial Times - May 17, 2018   1. LABOR MARKET New Labor Law: November 28, 2017 Greater flexibility : more flexible rules governing dismissals; company-level bargaining Reduced costs : financial cap in courts on damages for unfair dismissals   2. TAX CUTS 30% flat tax on capital Reduction of corporate tax from 33.3% to 25% by 2022 Abolished: wealth tax + exit tax   3.   NEW REGULATION Pro-immigration: fast-track “Tech Visa” for foreign entrepreneurs & employees Fostering AI : opening of State-owned data, e.g. in healthcare & transportation Crypto / ICO: new pro-innovation regulation   4. INVESTING IN THE FUTURE: INVESTING IN CAPITAL Launch of the Next 40 index €10 billion public fund for innovation and industry €50 billion investment plan for the digital transformation     FRANCE IS THE IDEAL SPRINGBOARD FOR GLOBAL FINANCE An easy access to the European financial market through the EU Passport and MoUs signed by French NCAs with non-EU regulation authorities   CHOOSE FRANCE 

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

India witnesses growth in Kidswear retail

Brinder Rault - 30-avr.-2019 12:44:37
The kids’ fashion segment has registered the fastest growth in the last year. In 2017, the Indian Kidswear market was estimated at 67 000 crore INR (€ 858 Mn) and accounted for 20% of the apparel market share. This segment is expected to growth at 8.1 % to reach 145 445 crore INR (€ 1.9 Mds) in 2027. Boy’s wear is slightly capping girl’s wear (53 % of the market share). Kidswear market in India is benefiting from the same consumer habits changes witnessed in the adult wear. Parents are more “brand aware” and incline to spend money for child’s apparel since they are more concern by their own appearance and the trends. The growth of nuclear families (along with social recognition) has given more purchase power to the family, with parents willing to buy the trendiest cloth for their child. E-commerce plays a crucial role in this growth by increasing accessibility all over the country. µ Another growing segment is “infant wear” dedicated to the age-group new-born babies to 4 years old kids. This segment has huge opportunities considering that India is home to an estimated 120 million babies from 0 to 4 years of age.   Looking at consumers behaviour, one finds that parents are well informed: they demand quality and ethical products, respectful of their child and the environment. The coming years would probably witness an increase of organic wear and materials that are sourced from fair-trade. The kids themselves are considered as consumers by the brands. These latter target children at an early age, playing with their centre of interests, presenting children in their advertisement campaigns to create a sense of belonging and make them chose their own apparels.

“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

2019: A crucial year for India’s renewable energy targets

Kushal SENGUPTA - 26-mars-2019 11:35:53
  India accounts for approximately 4 percent of the total global electricity generation and contributes 4.43 percent to the global renewable generation capacity. According to a Climatescope 2018 report by research organisation Bloomberg NEF (BNEF), India has become the largest market globally for auction of new renewable energy generation projects and the second-largest destination for clean energy investments. Globally, India stands at No. 5 in terms of total renewable energy installed capacity, behind only China, U.K., Germany and U.S. India’s goal is to achieve   175 GW of renewable capacity by 2022 which includes 100 GW of Solar power, 60 GW from wind power, 10 GW from biomass power and 5 GW from small hydro power.   As of January 2019, the total renewable power installed capacity (excluding large hydro) in the country stood at 74.08GW with wind comprising of 47% and solar comprising of 34 % of the total renewable energy mix in the country. The western and southern states account for around 90% of the installed solar capacity.   Wind and solar energy will play a key role in India’s ambitious target of meeting 175 GW by 2022. India ranks fourth in the world in terms of total installed wind power capacity. In 2018 (up to September), India added the second highest solar capacity in the world, after China. Solar installation in India is expected to increase 360 percent by 2020.   In 2018 the Governement of India took some major initiatives in the renewable energy sector :   100% electrification of all inhabited villages in India Prime Minister, Narendra Modi inaugurated the first general assembly of International Solar Alliance (ISA) India added approximately 9.5GW of renewable energy capacity—7GW of solar capacity and 2.5 GW of wind capacity The ministry of new and renewable energy released regular tenders, and 15GW of wind and solar capacity was allocated. India added a record 1.5GW of capacity rooftop solar market The ministry also promoted new avenues for renewable energy growth—floating solar, hybrid, large-scale solar manufacturing and off-shore—some of which got tremendous response from the industry.   The year 2019 will be crucial in deciding whether India can meet its renewable energy targets by 2022. The sector needs major technological and public policy interventions to successfully meet its target of 175GW by 2022 and the long-term target of achieving 40% of India’s electricity capacity from renewable sources by 2030. Non-conventional energy received FDI inflow of US$ 7.48 billion between April 2000 and December 2018. In order to reach the 2022 targets, India needs approximately $75 billion in investments over the next four years—both debt and equity capital.   Author : Kushal SENGUPTA Trade Advisor -Industry & Cleantech Department Business France Mumbai Source : Fortune India, Renew Power, Ministry of Renewable Energy India, IBEF

The growing interest for the senior healthcare sector in India

Brinder Rault - 15-mars-2019 10:35:05
  The 25 th edition of Indian Medical Fair took place in New Delhi from the 21 st of February to the 23 rd of February 2019. This event gathers actors of the medical sector from India and abroad. Exhibitions and conferences were happening. This year, the themes of the talks were exploring the following subjects: the Ayushman Bharat, the future of Healthcare, the Medical Devices and Equipments market, the consumerization of Health and the question of medical entrepreneurship.     One would also notice the growing interest for the senior care and the market of senior healthcare services. Indeed, a special corner, named “Rehaindia” was dedicated to the actors of the senior care where one could meet companies offering medical devices for elderly, gymnastic tools, nutritionist and physiotherapists.       In 2018, the number of seniors in India stood at 116 million people, or 9% of the population. Seniors are more present in rural areas (77 million) than in urban areas (39 million). By 2025, the number of elderly people in India is expected to be 158 million (higher than the population of Russia), or 11% of the population. Between 2010 and 2050 the number of seniors will have tripled and life expectancy will have increased from 67.5 years to 79.5 years.   These different points make it possible to affirm that the silver economy is a buoyant market in India. According to a report published by CII [1] , the Asia-Pacific region is the one whose service market for seniors will increase the most. The strongest growth to come will be in the following sectors:   - Public institutions interest and policies   - Home healthcare services   - Specific medical devices for the elderly   The home healthcare sector is the main market today in terms of demands and offer. It corresponds to the expectations of the Indian society which is to grow old at home and is in phase with the evolutions of the Indian medical sector which tends to use the technology and the mobile applications to make benefit of services of health care at home.   The real estate players are also surfing on the wave. One could observe the emergence of community centres and retirements homes for senior such as Portea, Healthcare at Home (Dabur), Max Healthcare (Max Home), India Home Healthcare, Care24.   With such growing interest, huge opportunities will arise. Infrastructures will be needed, medical devices too, and trained professional to assist the elderly (indeed, it is now estimated that the number of workers in the senior services sector is 4.5 million and could reach 10 million in 2025).   [1] CII, Senior Care industry Report India 2018  
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