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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.

“Choose France!” summit focusing on France’s attractiveness to business

Purva Marwaha - 23-janv.-2018 07:30:22
  The President of France will be attending the “Choose France!” summit at the Palace of Versailles on Monday January 22, where distinguished guests will include nearly 140 business leaders representing some the world’s biggest businesses in a wide variety of sectors, from the automotive industry to new technologies, agri-food, financial services and healthcare. The “Choose France!” summit is another key stage in the promotion of France’s attractiveness as a business location after several months of far-reaching economic reforms by the French government. The aim of the event is to highlight how France stands up as an attractive business destination, underpinned by the announcement of various investment projects in France and the presence of 140 business leaders, many of whom are on their way to the World Economic Forum in Davos (Switzerland), who will discuss their ambitions in France with the President, Prime Minister and 16 ministers. Five multinational firms will use the summit to announce major investment projects in France. Each of these will serve as a symbolic illustration – due to either their size, the sums being invested, growth or jobs being generated, or their excellence and significance for sectors of the future. A handful of smaller projects will also be announced during the event. As part of a day largely given over to France’s attractiveness to business, the President of France will also pay an early afternoon visit to Toyota’s industrial plant near Valenciennes (north-eastern France), where the Toyota Yaris is made (3.5 million units produced since opening in 2001) and 3,800 people are employed at a site driving employment in the local area. It is also the 25th largest factory in France, turning out 30% of Toyota’s total output in Europe. Following his visit to Valenciennes, the President will travel straight to the Palace of Versailles, where he is scheduled to arrive around 6pm. He will take part in several bilateral meetings, including with Sheryl Sandberg, Chief Operating Officer of Facebook, Sundar Pichai, CEO of Google Inc., Vasant Narasimhan, CEO of Novartis, Bill McDermott, CEO of SAP and John Chambers, formerly Executive Chairman of Cisco. The bilateral meetings will be followed by a dinner, preceded by an introductory speech from the President and a question-answer session with the invited business leaders. 1. “Choose France!” summit agenda and participants       140 business leaders from nearly 30 countries are taking part in the “Choose France!” summit, including: Sundar Pichai (Google), Sheryl Sandberg (Facebook), Dominic Barton (McKinsey), Stuart Gulliver (HSBC), Jesper Brodin (Ikea), Bill McDermott (SAP), Lloyd Blankfein (Goldman Sachs), David Abney (UPS), Guido Barilla (Barilla), Jason Chen (Acer), Alexandre Dayon (Salesforce), Warren East (Rolls Royce Plc), Michael Evans (Alibaba), Jeffrey Harmening (General Mills), Lars Fruergaard Joergensen (Novo Nordisk), Joe Kaeser (Siemens), Martin Lundsdedt (Volvo Group), Antonio Neri (Hewlett Packard), Shunichi Miyanaga (Mitsubishi), James Quincey (Coca Cola Company), Young Sohn (Samsung Electronics), Richard Liu (JD.com) and Jonas Prising (Manpower Group).   Various French business leaders will also be in attendance, including Thomas Buberl (Axa), Jean- Laurent Bonnafe (BNP Paribas), Ross McInnes (Safran) and Emmanuel Faber (Danone).   There are four parts to the schedule for the afternoon at the Palace of Versailles:       1.00pm-2.30pm: Arrival of business leaders for lunch with the French Prime Minister 2.30pm-6.00pm: Bilateral meetings and topic-based workshop sessions held in parallel: Tony Estanguet - “Paris 2024: sharing optimism!” Bruno Le Maire - “Economic reform in France” Cédric Villani - “Artificial intelligence” Mounir Mahjoubi - “Digitalization of the French economy” Muriel Penicaud: “Social transformation in France” John Chambers: “Innovation and start up ecosystem” 6.00pm: Arrival of the President of France and bilateral meetings 8.00pm: Dinner, preceded by an introductory speech from the President of France           KEY FIGURES FOR THE “CHOOSE FRANCE!” SUMMIT:       More than 30 countries represented (approx. 50% from Europe, 25% from the United States, 25% from Africa, the Middle East and Asia).   ·                 A dozen job-creating investment projects.   The President and Prime Minister of France joined by 16 ministers: Jean-Yves Le Drian (Europe and Foreign Affairs), Bruno Le Maire (Economy and Finance), Muriel Penicaud (Labour), Agnès Buzyn (Solidarity and Health), Gérald Darmanin (Government Action and Public Accounts), Florence Parly (Armed Forces), Nicole Belloubet (Justice), Françoise Nyssen (Culture), Stéphane Travert (Agriculture and Food), Elisabeth Borne (Transport), Laura Flessel (Sport), Mounir Mahjoubi (Digital Affairs), Brune Poirson (Ecological and Inclusive Transition), Delphine Geny-Stephann (Economy and Finance), Nathalie Loiseau (European Affairs) and Benjamin Griveaux (Government Spokesperson).   ·                 Around 300 bilateral meetings scheduled during the afternoon at the Palace of Versailles, between business leaders and:   Members of government. Institutional participants (French telecoms regulator ARCEP, France’s public investment bank Bpifrance, French state investment fund Caisse des Dépôts et Consignations, Ministry for Europe and Foreign Affairs, French government Treasury Directorate DG Trésor, etc.). Meetings are also scheduled between French and foreign business leaders.  

"Why smart investors choose France? "

Julian Hoarau - 02-déc.-2016 12:00:41
On the occasion of the SME Summit organized by the Confederation of Indian Industry on Tuesday 22 November 2016, Business France India and the Regional Economic Service of New Delhi hosted a Country Session on France entitled "Why smart investors choose France? "In the presence of some 50 Indian companies. This seminar highlighted the comparative advantages of France as an investment destination for the Indian business community and to raise awareness of the latest reforms introduced by the French government to facilitate the "Doing business" in France.   Business France / India also held a booth during the 2 days of the summit, on 22 and 23 November

‘Créative France’ campaign launched in India

Purva Marwaha - 29-janv.-2016 06:58:12
The Créative France campaign has been launched in India on the occasion of the State visit of French President François Hollande in the country as the Chief Guest for India’s 67th Republic Day. This ambitious global campaign shows what makes France, the world’s sixth largest economy by GDP, a unique destination for FDI. Indeed, in the India-France joint statement, Prime Minister Narendra Modi, and President François Hollande “equally highlighted the attractiveness of France for Indian investors, especially in terms of leveraging French technological expertise and competencies." Prime Minister Modi underscored, “France’s greatest strength is innovation”.                                    Initiated by the French government and executed by Business France, the agency for international development of the French economy, the Creative France campaign has selected ten priority countries, including India, based on their potential for trade and investment. India and France share a mutual fascination for culture, fashion and art and in the past several decades this relationship has deepened and broadened across a range of industrial fields ranging from aerospace and robotics to high-tech materials. France is the 3rd largest foreign investor in India, with an estimated investment stock of around $20bn, which has contributed to creating around 3 lakhs skilled jobs in the country. Muriel Pénicaud, the French Ambassador for International Investment and Managing Director of Business France, remarked on the occasion, “There is an exceptional momentum between France and India. We urge French companies established in India to join the Creative France movement to promote French innovation as well as to contribute to the success of Make in India.” France has some tremendous assets that help create an environment conducive to receiving foreign investments. In this respect, France provides outstanding competitive advantages: -France is located at the heart of a 500-million consumer market, with more than 65 million consumers in France alone – the second largest in Europe. -On a weekly average, 19 new companies choose France for new investments -Thirty-one French companies rank among the world’s top 500. -France is the world’s leading destination for foreign tourists, with an excellent quality of life. -France boasts efficient public services and world-class infrastructure. -France has a powerful industrial base -France offers a diversified technological base and a highly skilled and productive workforce. -France has a vibrant start-up ecosystem -France’s universities and research institutes are renowned for their quest for excellence -France’s legislative framework is designed to provide a strong boost to R&D operations, including France’s research tax credit and the Bpifrance Innovation Fund -France has one of Europe’s most dynamic demographics, reflecting the country’s confidence in the future. In the upcoming months, Créative France will showcase the variety of France’s innovations through specific events organised in India in various domains, such as Smart Cities, renewable energy, IT, start-ups and healthcare. More on Créative France is available in the digital press folder: epresspack.net/creative-france on the campaign website: creative.businessfrance.fr The France Attractiveness Scoreboard is available at: http://sayouitofrance-innovation.com/wp-content/uploads/2015/11/1_UK.pdf Follow us on Twitter: #CreativeFrance

France: Your Preferred Destination

Thomas ILHE - 19-oct.-2015 14:33:14
Ahead of the France visit of a delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI), its President, Dr Jyotsna Suri, and the Ambassador of France to India, H.E. Mr François Richier, jointly hosted a working lunch on the theme of “France: Your Preferred Destination”.   The world’s sixth largest economy by GDP, France is a popular destination for FDI, with a weekly average of 19 new companies choosing this European country for new investments . Its efficient public services, world-class infrastructure, diversified technological base, highly skilled and productive workforce and demographics – one of Europe’s most dynamic – make France a top FDI choice. On this occasion, a five-minute film highlighting France as a creative and attractive destination for the Indian industry was released. Three Indian industrialists from different sectors also shared their experience on doing business in France. This was also an opportunity to take stock of the latest developments of French investments in India. Dr Suri and Ambassador Richier delivered the opening remarks and welcome addresses respectively over the working lunch, which took place on Wednesday, 14 October 2015, at FICCI, Federation House. French Trade Commission heads, Messrs Dominique Frachon, Director - Business France India (Investments), and Thibaut Fabre, Director - Business France India provided explanatory remarks on the theme. France: Your Preferred Destination “France: Your Preferred Destination” , was an event spotlighting the European business hub of France as an attractive destination for the Indian industry. Over 20,000 foreign companies are present in France, where they employ more than 2 million people. Every week, 19 foreign companies choose France for new investments. In this respect, France provides outstanding competitive advantages: France is the sixth largest economy in the world by GDP, located at the heart of a 500-million consumer market, with more than 65 million consumers in France alone – the second largest in Europe. Thirty-one French companies rank among the world’s top 500. France is the world’s leading destination for foreign tourists. France boasts efficient public services and world-class infrastructure. France offers a diversified technological base and a highly skilled and productive workforce. France has one of Europe’s most dynamic demographics, reflecting the country’s confidence in the future. Creative France : To underscore the country’s impressive assets, the French government is launching a worldwide campaign, “Creative France”, which highlights France’s commitment to R&D and consistently achieving excellence . Its focus is on French initiatives and savoir-faire, showcasing creativity and innovation in fields such as technology, industry, science, the arts, fashion, and cuisine. The campaign reflects the story of today’s France: solid fundamentals enhanced by an outstanding ability to innovate and a constant push to break new ground. Equal parts spirited and serious, France bucks convention while reaching for the summit. Creative France is the new face of France’s economic dynamism. Business France : Creative France is powered by Business France, a French government national agency that supports the international development of the French economy by promoting the country’s appeal, companies and regions. Business France India supports Indians investors looking to set up operations in France. With its roots firmly established at the local level, Business France helps firms choose an investment site best suited to the investors’ projects, and puts them in contact with the most relevant innovation clusters for their companies. It can also offer them expert advice, in addition to serving as their partner with regard to the French authorities, thereby ensuring the long-term success and growth of their project. Crompton Greaves success story : An important success story is the investment project of Crompton Greaves, a subsidiary of the Avantha Group, in Grenoble. Awarded a contract following the tender call floated by ERDF (subsidiary of EDF, the French electricity board), Crompton Greaves is inaugurating this very day their “SMARTGRIDS” production and R&D Centre in Grenoble . This investment project highlights both Crompton Greaves’ state-of-the-art technology and the global attractiveness of the French city of Grenoble in the electronics sector.  
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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