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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 

Interview Mr Kunal Kumar: India’s Smart Cities Mission, perspective for French companies

Aurélien Sostaponti - 31-mai-2019 07:10:45
BUSINESS FRANCE IN INDIA India’s Smart Cities Mission Perspectives for French companies on the occasion of Ambition India 2019 – Business France Replies by: Mr Kunal Kumar Joint Secretary (Mission Director – Smart Cities), Ministry of Housing and Urban Affairs (MoHUA), Government of India Q1. Could you please provide a brief introduction of India’s Smart Cities Mission (SC Mission)? India’s Smart Cities Mission was launched by the Prime Minister Shri Narendra Modi on June 25, 2015. The main objective is to promote cities that provide holistic and integrated infrastructure and a great quality of life to their citizens while maintaining a clean and sustainable environment. The focus is on sustainable and inclusive development and idea is to look at compact areas, create replicable models which will act like lighthouses to other aspiring cities. The process of selection of 100 smart cities was based on the principle of Cooperative and competitive federalism —all cities were given equal opportunity to enter through All India Challenge conducted in four rounds. The cities competed in a two-stage challenge process at the State and Central level. Key features of this process were Citizen Engagement and City Empowerment where cities were encouraged to decide their aspirations and execute them with support from Central and State Government. Integration, innovation and sustainability are guiding principles of the Smart Cities implemented through provision of integrated infrastructure and services, promoting circular economy and sustainable habitats, reimagining paradigms of governance and spurring innovation in delivery of solutions. Technology is one of the many instruments that smart cities are adopting to solve urban challenges. Inclusiveness is built into the mission to ensure that each and every citizen benefits from the urban transformation that is taking place in the smart cities. Each Smart City has formulated its own concept, vision, mission and plan (Smart City Proposal--SCP) which is appropriate to its local context, resources and level of ambition. Every SCP includes core-infrastructure elements such as assured water supply, electricity supply, sanitation and solid waste management, efficient mobility and public transport, affordable housing, safety and security, health and education. Smart Solutions in SCP include a bouquet of services that ensure that service delivery levels are achieved and measured, citizen services are seamlessly delivered, grievances are timely registered and resolved and safety is increased through video surveillance and monitoring. Q2. Please share some highlights of the progress of the Smart Cities Mission since its launch in 2016? Since the launch of the mission in June 2015, the work has progressed at a brisk pace. 100 cities were selected over a period spanning from January 2016 to June 2018. Post selection, each city has incorporated an SPV or Special Purpose Vehicle, with dedicated management and organisation structure to drive the project implementation and other initiatives of the mission. The SPV has appointed the project management consultant (PMC) that will support the SPV in planning, design and implementation of the projects. The projects can be broadly categorised into four themes : • Ease of Living - urban mobility, affordable housing, water and sanitation, safety and security, vibrant open spaces • Smart Governance – Integrated Command and Control Centres, Smart Card, Online Services, Intelligent Traffic Management System, Smart Poles • Connected Communities – Smart Education/ Classrooms, Skill Development, Public Art, Built Heritage • Urban Resilience – Solar and Wind Energy, Waste to Energy Plants, Green Buildings, Energy Management The 100 smart cities have proposed to execute 5 151 projects worth € 26.65 billion (INR 2 05 018 crores) in 5 years from their respective dates of selection. Financial innovation is built in the design of their capital investment plans. 64 % of the total projects i.e. 3492 projects, worth € 17.16 billion (INR 1 32 068 crore) have been tendered in SCM of which work orders have been issued in 41 % i.e. 2745 projects worth € 11.32 billion (INR 87 131 crore). 860 projects worth € 1.88 billion (INR 14 465 crore) have been completed. This is a significant increase in pace of implementation—289 % increase in tendered projects and 358 % in implementation/completed in last 16 months! Mission Cities have successfully expedited work on key projects which include: Integrated Command and Control Centers (ICCC) in 71 cities with operational in 16 cities; Smart streets projects in 69 cities; Smart Solar energy projects in 47 cities; Smart Water management projects in 67 cities; Smart Waste Water management projects in 56 cities. Projects are being executed through Public Private Partnerships in 61 cities. Q3. With regards to the Indo-French cooperation on Smart Cities, what views would you like to share? The relationship between India and France dates back to several decades and has been scaling heights in recent years. Indian Prime Minister paid a landmark visit to France from 09-12 April 2015. Former French President Hollande paid State visit to India during 24-26 January 2016 and was our chief guest for India’s Republic Day celebration. Our Prime Ministers have been meeting regularly on different platforms. The scale of cooperation between the two countries may be understood from the fact that almost 1000 French companies are present in India with a total turnover of more than € 17.8 billion (20 Billion USD). French companies have; the third largest FDI inflow, 25 R&D centres in India and employed around 300 000 people in India. On the other side, 120 Indian companies operating in France with an estimated investment stock of 1 billion Euros and employing around 7000 people. With regard to the Smart City Mission in India, France and India are collaborating on a very interesting project, City Investments to Innovate, Integrate and Sustain (CITIIS) Challenge. CITIIS was launched on 9th July 2018 by the Smart Cities Mission, Ministry of Housing and Urban Affairs in partnership with Agence Française de Développement (AFD), European Union (EU) and National Institute of Urban Affairs (NIUA). The program, the total size of which was € 100 Million, was open to all the 100 smart cities During the Challenge process for selection of projects under CITIIS, 36 Smart cities submitted a total of 67 proposals belonging to various themes. Of these, 13 projects from 13 cities and 12 States were selected for award by a distinguished jury comprising of nine experts from India and France. MoUs have also been signed between AFD (French Development Agency) and UT of Chandigarh, Puducherry and State Government of Maharashtra for development of Chandigarh, Puducherry and Nagpur. (Support for preparation of SCPs and implementation of projects) As part of urban transport improvement initiatives in India, financial assistance to various Metro projects were provided by AFD such as Bangalore Metro (€100 million - Phase 1, € 200 million -Phase 2), Kochi Metro (€ 180 million) and Nagpur metro. With regard to technical collaboration, technical support was provided to various Metro projects such as signaling system in Bangalore Metro, telecommunication and power & traction in Kochi Metro etc. The two countries have been working together in several fields ranging from civil nuclear cooperation, defense, and space to cultural, scientific and technological areas, including cybersecurity and digital cooperation. I would like to see this cooperation grow in the areas of urban development and combating climate change. Q4. In terms of projects, kindly elaborate the type of projects for which international companies can be useful to India’s Smart Cities Mission. I would like to see international industry actively participating in India’s urban sector via one or more of the following three tracks: 1) Providing technical support/capacity building support to cities/design and execution professionals already working in India; 2) Undertaking projects design and implementation of projects through competitive bidding/consortium building; and 3) Bringing in investment to Indian projects. Some areas we would like their participation in are: • Smart energy systems, net zero cities/precincts • Urban design of complete streets Reviving local economies • Increase on disaster resilient cities and communities • Urban Mobility and Transit Oriented Development (TOD) • Design of cities promoting circular economy; water and waste management Design of accessible urban spaces for the old and the people with disabilities Q5. Could you help us understand what are and will be the different types of preferred tendering processes to be used for projects under the Smart Cities Mission? We do not prescribe any particular tendering process to be used for projects under the Smart Cities Mission. The smart city SPV has the authority to carry out the tendering process for all projects. The tendering process is often guided by the procurement rules prescribed by the state governments. The state governments have their own procurement rules, procurement manual and in some instances standard documents to be followed by the state agencies. The city SPV undertakes a project development phase for individual projects that includes preparation of the feasibility study and/or Detailed Project Report (DPR). The tendering of the projects is done after the approval of the feasibility study/DPR. The tenders are published widely to maximise participation. Most of the tenders are evaluated both on cost and quality; lifecycle costs are taken into consideration for long gestation projects. Level playing field is made available so that the best companies can participate. Their participation has been one of the highlights of the Mission. Not only the best Indian companies, but renowned international companies have participated and are successfully executing projects in various cities. Q6. Can you elaborate what is the emphasis given, under the SC Mission to 3 sectors: mobility (urban transportation), water-waste management and connectedness of services for citizens? The Smart City Mission in India is envisioned as an urban rejuvenation initiative encompassing holistic development of urban areas including, but not limiting to, smart command and control centre, smart roads, smart solar, smart waste water and smart water projects. The three sectors with regard to mobility (urban transportation), water-waste management and connectedness of services for citizens are an integral part of the Mission and have been central to its objectives.Mobility (urban transportation): Smart transportation leverages smart infrastructure that includes multi-modal connected conveyance, automated traffic signals, tolls and fare collection, data integration—incorporating weather and traffic data, linking emergency services data as well as information from government agencies— drives the system. A central command centre ties together the smart transportation ecosystem, with real-time and updated data, handling passenger information, traffic signals, incident management and vehicle health monitoring. Optimized ‘on-demand services’ ensure that citizens can use all modes of transport according to their needs. Shared mobility solutions help provide first and last mile connectivity in conjunction with public transportation, they can act as feeder services and improve access to metro/rail or bus services. We are aiming to make public transportation robust and accessible through multi-modal shared mobility, so that citizens can choose it for all their commuting needs be it travel for work, travel for daily needs or for leisure. This can help move people away from private vehicles, which can contribute to lowering congestion and pollution. Cities under the Mission, are using technology to develop such seamless and connected transportation systems. Technology driven smart public transportation offers more attractive, reliable, convenient and complete choice of mode to commute. This reduces dependency on cars, arrests urban sprawl, and enables city authorities to develop compact cities with more focus on moving people rather moving cars. Lesser cars on roads will also reduce city’s air pollution levels. Moreover, with the continuous advancement in development of electric vehicles, smart transportation is destined to transform cities to zero emission mobility smart cities. In the Mission cities till date, total of 734 smart transportation projects worth € 3.64 billion (INR 28000 crore) are under implementation/completed. Electric mobility projects worth € 0.08 billion (INR 601 crore) are under implementation/completed in 21 cities. Public transport operations and traffic management are integral part of all ICCC enabled cities. Smart streets worth € 0.67 billion (INR 5146 crore) are under implementation/completed in 35 cities. I would like to mention that this is just the tip of the iceberg and many more such projects are being conceived across the country as I pen this down. Water and Waste Management: Under Smart Cities Mission various initiatives are undertaken for improving water systems in smart cities. These projects include installation of smart water meters, providing house service connections, upgradation of water supply systems, interlinking of water network data with SCADA system etc. The aim is to upgrade the existing water supply systems to 24X7 water supply systems. A total of 315 projects with estimated cost € 2.96 billion (INR 22 817 crore) are at various stages of implementation across the Mission. Of these, 35 projects worth € 0.16 billion (INR 1218 crore) have been completed, 126 projects worth € 1.32 billion (INR 10 119 crore) are under implementation and 45 projects worth € 0.57 billion (INR 4391 crore) are under tendering stage. Several initiatives with regard to waste management are also being implemented under this mission. These projects include waste to energy plants, waste to compost plants, waste water treatment plants, recycling and reduction of construction and demolition waste etc. A total of 323 waste management projects with estimated cost € 1.96 billion (INR 15 116 crore) are at various stages of implementation across the Mission. Of these, 90 projects worth € 0.19 billion (INR 1456 crore) have been completed, 177 projects worth € 1.32 billion (INR 10 182 crore) are under implementation and the rest 56 projects worth € 0.45 billion (INR 3478 crore) are under tendering stage. Regarding waste to energy plant, a total of 18 projects worth € 0.31 billion (INR 2401 crore) in 17 smart cities are at various stages of implementation. Of these, 4 projects worth € 0.026 billion (INR 202 crore) have been completed, 6 projects worth € 0.23 billion (INR 1790 crore) are under implementation and 2 projects worth € 0.043 billion (INR 338 crore) are under tendering stage. As mentioned in the case of mobility, there are many more projects than the ones which have found mention here, and hence the amount of work that remains to be taken up is clearly very large. Connectedness of Services for Citizens: Smart Cities leverage ICT based technologies and digitalisation to make governance citizen-friendly and cost effective, bring about accountability and transparency, provide services without having to go to municipal offices, form e-groups to listen to people and obtain feedback, and use online monitoring of programs and activities with the aid of online tools. In line with this, Integrated Command and Control Centres (ICCC) are being built by many smart cities to help cities in better urban planning and management. ICCCs function as single source of information and point of resolution of the civic functions of the city. They are bringing transparency through information sharing, a step towards becoming an inclusive city. Some of the ways an ICCC will impact citizens’ lives are: • Improved decision making for (local and other levels of) governments • Improved environmental sustainability and climate change outcomes. • Improved quality of services to citizens • Safety of citizens • Making cities more inclusive A total 71 out of 100 smart cities have started work on ICCC as one of its projects under the Mission. Till date, 16 Smart Cities have operationalised ICCCs worth € 0.38 billion (INR 2927 crore), work is in progress in another 44 cities worth € 0.54 billion (INR 4170 crore) and remaining 11 cities have their projects under tendering. Q7. Regarding the finances of the projects under the SC Mission, what is the extent of the available government funding and to what extent is the PPP and the private funding expected? The Mission encompasses 100 cities which have proposed to execute 5151 projects worth € 26.65 billion (INR 2 05 018 crores) in 5 years from their respective dates of selection. innovation is built in the design of their capital investment plans. The distribution of funding envisaged from different sources is as follows: • Central and State government: € 12.16 billion (INR 93 553 crore) (45%), • Convergence : € 5.46 billion (INR 42,028 crore) (21%), • Funds from PPP : € 5.33 billion (INR 41,022 crore) (21%), • Loans/Debt : € 1.27 billion (INR 9,843 crore) (4%), • Own sources : € 0.34 billion (INR 2,644 crore) (1%), Other sources: € 2.07 billion (INR 15 930 crore) (8%). Q8. Several foreign investors have remarked that most ULBs are not financially selfsustainable and tariff levels fixed by the ULBs for providing services often do not mirror the cost of supplying the same. Could you please share your opinion in this regard with us? I ascribe to the idea of ‘Think Global, Act Local’. While most development takes place at city level, they have to be mindful of the impact of their actions on the planet. To achieve that we must empower our cities to not only act but also think, analyse and take decisions. Having said that, cities need to become autonomous in terms of meeting their financial and other resource needs for infrastructure development, and day to day management. Lack of adequate infrastructure adversely affects a city’s ability to attract investment, and hence economic sustainability. Most of the ULBs lack in mobilization of resources and financial autonomy. The total revenues of all Urban Local Bodies (ULBs) in India merely amounts to about 1% of India’s GDP. The resource base of ULBs typically consists of their own sources, state revenue, government grant, loans from state governments, and market borrowings. They are sometimes not aware of the opportunities and avenues of generating revenues through taxes and non-tax charges. Even if they are aware, they do not have the skill to optimize tax collection. ULBs in India, therefore, have a minimal revenue base and largely dependent on Central and State grants, which constrains the ability of ULBs to invest adequately in capital expenditure like creating infrastructure and, thereby, improve quality of life in the city. Strengthening capacities of ULBs is necessary for effective resource mobilization. Their financial capacity is often restricted not only by low tax base but also low capacity for mobilization of existing resources, as result of which the ULBs are not able to harness property tax as per their potential due to undervaluation; non-availability of database of properties; low rates; low collection efficiency and lack of indexation of property values. We do realise financial self-sufficiency of the ULBs is an absolute must. Steps are being taken at all levels to empower ULBs to become self-sufficient. While the Constitution of India envisaged a two-tier system of federation, the 74th Constitutional Amendment Act, 1992 added third tier of government viz. urban local bodies. The amendment aimed at devolution of functions, finances and functionaries to ULBs. We, at the Ministry encourage cities to raise funds through municipal bonds, review of property tax system to improve efficiency and transparency in collection and mobilization of resources. Only in the last couple of years we have started to see a renewed vigour from Indian cities in raising money from the market through the instrument of Muni bonds. Several new initiatives for financial innovation are also being attempted and are showing encouraging signs of transformation. We are working on Capacity building of local government leaders such as Commissioners in : • financial management, preparation of financial statements for increased efficiency • improving the quality of service delivery which is the cornerstone for effective and sustainable urbanisation • exploring innovative/alternative sources of revenue generation at the municipalities level such as PPP, Municipal bonds, venture capital financing, crowd source financing, entertainment tax, mobile towers, user charges for solid waste, water, parking, value capture financing, etc. • enhancing citizen participation, e-governance tools like on-line procurement, tenders, and online expenditure reports. I am sure with all the efforts Government is making in this direction, local governments will soon be in a better position than they were a few years ago.

Smart Manufacturing – India rises to the challenges of the industrial revolution

Nidhi Somani - 29-avr.-2019 09:11:29
Factory of the future, Smart Factory, Industry 4.0, cyber-factory or connected factory: Regardless of what it is called, this transformation of industry represents a revolution in manufacturing processes based on new technologies and innovative concepts. Why is it called Industry 4.0? It is being called Industry 4.0 to represent the fourth revolution that has occurred in manufacturing. From the first industrial revolution (mechanization through water and steam power) to the mass production and assembly lines using electricity in the second, the fourth industrial revolution will take what was started in the third with the adoption of computers and automation and enhance it with smart and autonomous systems fueled by data and machine learning. What is Industry 4.0 for India ? According to IBEF, the Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25 percent of Gross Domestic Product (GDP) by 2025, from 16 percent currently. IoT, being one of the most important aspects of Industry 4.0 for India, is expected to capture close to 20 percent share in global IoT market in the next five years. Furthermore, the IoT market in India is projected to grow at a CAGR of more than 28 percent during 2015-2020. Major Indian states are taking initiatives to adapt to Industry 4.0. Andhra Pradesh has taken an initiative to capitalise on the IoT potential in the country. The state government has approved the first-of-its-kind IoT policy with an aim to turn the state into an IoT hub by 2020 and tap close to 10 per cent market share in the country. India’s first smart factory, moving from automation to autonomy, where machines speak with each other, is being set up in Bengaluru. It is making progress at the Indian Institute of Science’s (IISc) Centre for Product Design and Manufacturing (CPDM) with an investment from The Boeing Company. Various Indian companies are increasing their focus and partnering with other companies for developing new IoT and M2M solutions, the Digital India initiative from the Government of India is expected to enhance the focus on IoT in tackling the domestic challenges. In line with India’s focus on automation in manufacturing, Business India is organising a seminar & roadshow called In2France Smart Factory 2019 in December 2019 . This event will focus on 5 industries : Automotive, Steel, Textile, Pharmaceutical & E-commerce. If you wish to collaborate with us for this event, please write to nidhi.somani@businessfrance.fr

India’s groundwater security – a growing concern

Aurélien Sostaponti - 26-mars-2019 11:40:42
  According to the World Health Organization, a country having less than 1700m 3 per capita water availability is said to be a «  water-stressed  » country. With about 4 per cent of the water resources of the world, India should have been a water-adequate nation. However, in 2011 India turned into a water-stressed nation, according to experts.   The immediate culprits that come to mind are the increasing demographic pressure, rapid urbanization and industrialization. However, urbanization and industrialisation are the driving forces for any developing economy like India and remains the need of the hour. What makes these driving forces evil is the lack of proper water management.           RAINFALL WASTAGE   65%   rainwater runoff goes into the sea, which is a major wastage considering that over 70 per cent of country’s farming is rain-fed. The runoff also causes soil erosion, river flooding and siltation of water bodies.   Source: Bhartiya Agro Industries Foundation   POOR SANITATION   5.2%   of India’s gross domestic product worth of economic opportunities were lost in 2015 because of poor sanitation. It is almost half of the total global losses. Poor sanitation results in water contamination that leads to widespread diseases and wastage of public resources Source: Report ‘True Cost of Sanitation’   DEPLETING GROUNDWATER   253 billion cubic metres   is the amount of groundwater extracted in India annually, which is the highest in the world. Fifty-four percent of India’s groundwater wells have declined over the past seven years, and 21 major cities are expected to run out of groundwater by 2020   Source : UNESCO World Water Development Report             As a step towards resolving the groundwater depletion problem, the Central Ground Water Authority of the Union Ministry of Water Resources, River Development and Ganga Rejuvenation on December 12, 2018 notified revised guidelines for ground water extraction which will take effect on June 1, 2019. These revised guidelines provide for the:   Encouraged use of recycled and treated sewage water by industries. Provision of action against polluting industries. Mandatory requirement of digital flow meters, piezometers and digital water level recorders, with or without telemetry depending upon quantum of extraction. Mandatory water audit by industries abstracting ground water 500 m3/day or more in safe and semi-critical area and 200 m3/day or more in critical and over-exploited assessment units. Mandatory roof top rain water harvesting except for specified industries. Measures to be adopted to ensure prevention of ground water contamination in premises of polluting industries/ projects.   One of the important features of the revised guidelines is the introduction of the concept of Water Conservation Fee (WCF), the fee charged on extraction of ground water. The high rates of WCF are expected to discourage setting up of new industries in over-exploited and critical areas as well as may limit large scale ground water extraction by industries, especially in over-exploited and critical areas.    

India and France working together on Electric Vehicles

Aurelien Sostaponti - 18-févr.-2019 07:57:52
The future looks bright for Indo-French collaboration on electric mobility. An important stone to this foundation is a recent Memorandum of Understanding (MoU) signed between India’s Solar Energy Corporation of India Limited (SECI), CEA (French Alternative Energies and Atomic Energy Commission) and BlueStorage SAS, a French Company. The objective is to define the modalities of a pilot project to provide SECI an e-vehicle charging station with embedded batteries, powered by solar panels and optimized connection to the grid.

Keolis opens a new section of the Hyderabad automated metro (India)

sophie Canciani - 25-sept.-2018 06:57:20
  On Monday 24 September, 2018 Keolis opened a new section of the automated metro line 1 in Hyderabad, adding 16 km of track to the existing 30 km   With this new section, the network is now 46 km long and is expected to carry more than 150,000 passengers per day   This achievement paves the way for the final phase of the network and confirms Keolis’ leadership in automated metro systems   Keolis and its partners have completed the opening to the public of the first line of the automated metro in Hyderabad, which was partially opened in November 2017. This extension adds 16 km of track to the current 30 km network in use. To mark the occasion, an official flagging-off ceremony was held on Monday 24 September at Ameerpet station in the presence of the Governor of Andhra Pradesh and Telangana States, His Excellency E.S.L. Narasimhan.   With the extension, the network now stretches over two lines for a total of 46 kilometers and includes 40 stations, which places Hyderabad’s metro as the second biggest network in India. The extended line, which now links Ameerpet to LB Nagar, includes two important interchange stations, Ameerpet and MG Bus Stations, with the latter being one of the biggest elevated stations in the region. It now allows commuters to reach the south east of the city, and thus crucially serve the most densely populated areas of Hyderabad, which are located nearby to its old city. The number of daily passengers is expected to rise from 85,000 to more than 150,000. When the network is finally completed in 2019, it will be 72 km long, include 66 stations and carry an expected 1.5 million passengers per day.   Eric Moinier, Managing Director of Keolis Hyderabad, said: “ This is a major milestone we have reached today alongside our client and partner Larsen & Toubro and it takes us closer to the final stage of the network’s completion, which is expected to happen within the next year. With this extension more Hyderabad residents and visitors - to this growing city - will benefit from a modern, clean and safe transport solution. We will continue to strive to give them the best passenger experience.”   The 18 trains running on the network are built by Hyundai Rotem and equipped with the communication-based train control (CBTC) system provided by Thales, which allows improved headways and safety for passengers.   Keolis was awarded the operations and maintenance contract in 2012 by the concession-holder L&T Metro Rail. The core elements of that contract includes operating and maintaining 57 metro trainsets as well as stations, depots, track, signalling, telecommunications, ticketing systems and ticket sales at stations. Keolis Hyderabad currently has 800 employees.   As a pioneer and global leader in automated metro systems, Keolis counts 320 km of lines in cities such as Hyderabad (India), London (United Kingdom), Lille and Rennes (France), Shanghai (China) and Doha (Qatar).   About Keolis   Leading the way in public transport, Keolis partners with public decision makers to make shared mobility an asset for cities and their communities. Internationally recognised as the leading operator of trams and automated metros, Keolis adopts a determined innovation approach with all its partners and subsidiaries (Kisio, LeCab, EFFIA, Keolis Santé and Cykleo) to develop new forms of shared and customised mobility, and reinforce its core business across a range of transport modes including trains, buses, cars, trolleybuses, shared private hire vehicles, river shuttles, ferries, cycles, car sharing services, electric autonomous vehicles and urban cable cars.   In France, Keolis is now the leader in medical transport services through the creation of Keolis Santé in July 2017 and positioned as the number two car park operator, through its subsidiary EFFIA.   The company is 70% owned by SNCF and 30% by the Caisse de dépôt et placement du Québec (CDPQ). Keolis employs 63,000 people in 16 countries and recorded a turnover of 5.4 billion euros in 2017. Today, over 3 billion passengers worldwide have used one of the shared mobility services offered by Keolis. www.keolis.com   * Historically based in France, Keolis has expanded its operations in Germany, Australia, Belgium, Canada, China, Denmark, India, Luxembourg, Norway, the Netherlands, Portugal, Qatar, Sweden, the UK and the USA.

Tripartite MOU signed between BOI, EDB and Business France

Purva Marwaha - 13-juil.-2018 08:29:30
Friday, 13 July 2018     Agreement will enhance cooperation, trade and investment  A Memorandum of Understanding was signed between the Board of Investment of Sri Lanka, the Export Development Board of Sri Lanka and Business France today.   BOI Chairman Dumindra Ratnayake, EDB Chairperson Indira Malwatte and South Asia Head of Business France Sophie Clavelier signed the MOU on behalf of the respective organizations.   BOI is the investment promotion agency of the Sri Lankan Government and functions as the central facilitation point for investors with the purpose of improving Sri Lanka’s investment climate.   The SLEDB is Sri Lanka’s premier organization for the promotion and development of exports. Business France, an agency of the French Government, has the task of developing the internationalization of French companies as well as promoting the image of France in the world and promoting foreign investments in France. Also participating in this event was Ambassador of France to Sri Lanka and the Maldives Jean-Marin Schuh as well as senior officials of the BOI, EDB and Business France.   BOI Chairman Dumindra Ratnayake welcomed the other signatories to the MOU.  He stated: “This MOU is a very positive development since it will help to increase in the future investment in areas such as manufacturing and infrastructure. It also has to be seen in connection with the FTAs that Sri Lanka has entered into with India, Pakistan and Singapore and will sign in the future with China. These FTAs give market access to goods produced in Sri Lanka.” He added: “Another important development is the Port City with many opportunities for construction and other investment in the future.”   Ratnayake added that the agreement would help to strengthen relations and facilitate trade and investment with France in the future. EDB Chairperson Indira Malwatte stated: “We have had a very positive meeting with Business France. France is the sixth largest market for Sri Lankan exports to the European Union.”   She added: “Sri Lanka is to launch the National Export Strategy and this will also generate greater interest in our products. Currently we are promoting ship and boatbuilding, spices to be used in the manufacture of perfumes and cosmetics and of course the IT sector. It is our decision to focus just on three sectors for the moment and these are sectors where France is very strong.”   Head of Business France South Asia Sophie Clavelier stated: “We had a very positive meeting and I am excited to sign this MOU on behalf of the CEO of Business France.  We must ensure that this MOU must live and must work together in developing certain niche areas that Sri Lanka has to offer. One area which I would like to see develop is the Agro Sector where Sri Lanka has a lot of potential.”   She added that a country such as Sri Lanka should not look at competing with giant economies such as India but that “Sri Lanka should be developing niche sectors that are quality orientated. We should not look at large but at quality and high-end sectors.” Ambassador of France to Sri Lanka and the Maldives Jean-Marin Schuh also stated: “The MOU will enhance economic co-operation between Sri Lanka and France. We are currently focusing on expanding French exports as well as Sri Lankan investment in France.”   He added: “There are certain areas where l see many possibilities. For example, the French side could be interested in developing Sri Lankan ports as France has many leading shipping companies. I also see opportunities in the development of tourism.  This is an area where France has considerable experience and in 2020 our country will attract 120 million tourists in the course of the year. Other areas that are very promising are co-operation in the financial sector and also we are currently involved in the development of mini-dairies.”    Under the agreement, the parties are to exchange information and provide mutual support for the benefit of their clients and also to promote economic growth in both Sri Lanka and France.  In addition, the MOU seeks to encourage each party to promote the image of the other country and support FDI from its nationals to the other country. Another clause of the MOU stipulates that the party will exert their influence for the promotion of commercial and industrial partnership between French and Sri Lankan companies. The MOU also includes a commitment for the provision of commercial information and for assisting each other in organising fairs, seminars and business missions and co-operation in areas such as publications and creating awareness on investment environment, policies and regulations.   Each party is to provide the other with available and relevant information on initiatives with the purpose of increasing business for French and Sri Lankan companies in each other’s markets.   Furthermore, periodically meetings will be organised whenever it is necessary to evaluate the development of joint activities or future co-operation between the parties.   It is also important to note that each party is responsible for its own costs of operation. The agreement will be in effect for a period of two years and would be automatically renewed unless notice is given by one of the parties. The MOU also covers intellectual property rights and the use of trademarks and logos of their signatories. There is also a mechanism for consultation between the signatories of the MOU. The MOU augurs well for future expansion of tourism, trade and investment from France to Sri Lanka.    
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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