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India’s growth picture is as clear as glass for Saint Gobain

Purva Marwaha - 15-févr.-2018 11:23:20
Saint Gobain, the French maker of plasterboard and glass, is betting big on the Indian market and is aiming to triple revenues in the next ten years to ₹20,000 crore, its chairman said. “India is one of the fastest growing countries for Saint Gobain. India is the number one country for us — even more than China,” Pierre-Andre De Chalendar , chairman of the Saint-Gobain Group, told ET in an interview recently. About €130 million, or 10% of Saint Gobain’s investment capex, find their way into India that contributes only 2% of its sales. The share of India in total manufacturing is around 4%, he added. The last three years have seen the French company plough back all the profits it made in India to grow its business here. Chalendar is encouraged by the proactive reforms undertaken by the Indian government. “There has been a progressive reduction in bureaucracy. The tax reforms of last summer have been good. So, I am positive about the economic climate in India. It’s improving and I am confident that it will continue to improve.” Saint Gobain was set up in France in 1665, and made glass for the French King Louis XIV. It is present in India through three entities. “…at the moment in terms of growth capex, India is the number one country for us, even more than China,” Chalendar said.   Recommended By Colombia The company has grown by 19% since 1996 when it started operations in India through its listed company Grindwell Norton BSE 0.78 % (GNO). Over the years, capital expenditure for growth in the country has been the highest in all the countries that it has businesses in, amounting to around $100 million in the last few years. “Most of our investments in India have been funded by our existing company in India. It is a sign of the strength of our Indian business. So, we plough back all our profits in India. We haven’t sent money out of India for the last few years now. The cash that we generate, we invest back,” Chalendar added. In India, its biggest investment is in the glass business. It is the market leader in making glass for buildings, automotive windshields etc, and value-added glass like coated glass. The other business is gypsum plasterboard which is in the materials space and abrasives, refractories, high-performance plastics etc. “It is a sign of the strength of our Indian business,” Anand Mahajan, chairman of Saint Gobain Group in India, told ET in the same interview. Mahajan has been steering the group since its inception in India and leads a wholly Indian team in a French company, a fact that Chalendar takes pride in while talking about the glassmaker’s key successes in India. What gives Chalendar the confidence to bet on India is the rising demand that the company is seeing from its glassmaking segment. It makes flat glass that is used as windshields in automobiles and in buildings, where demand for green alternatives is pushing the sales up for its coated glass.        Source:  Economic Times,  http://bit.ly/2o1vtoj

AXON’ CABLE INTERCONNECTS EVERY PART OF A VEHICLE

Purva Marwaha - 01-févr.-2018 08:24:44
Axon Cables, a manufacturer of custom design wires, composite cables, flat flex cables, will be a part of a delegation of 21 French suppliers of the automotive and electric mobility industry from 5th to 9th February 2018. The company will visit Auto Expo Motor and Components show in Delhi & will go to Chennai as well as a part of a delegation of French companies hosted by Business France -The French Trade & Investment Agency, Federation of French Vehicle Equipment Industry (FIEV) & the European Association for Electromobility (AVERE).   SHOWCASING AXON EXPERTISE IN THE CONTEXT OF AUTO EXPO, NEW DELHI   Auto Expo will be a good opportunity for the Axon’ group to highlight the expertise of its Indian subsidiary Axon’ Interconnectors and Wires based in Bangalore since 2010 in the area of cable assemblies for challenging environment. Space and weight saving, flexibility, temperature resistance, power transmission, EMI protection are some of the many challenges Axon’ India will have to cope with. Especially designed for the automotive market, Axon’ cable proposes Flat Flexible Cables for board-to-board interconnections, flat flex shielded cable assemblies, custom-designed electromagnetic interference protected cables and connectors, flat display connections for infotainment, PTFE wires resistant to high temperatures (-200°C/+260°C) and many others. Axon’ Interconnectors and Wires produces state of the art wire and cable harnesses using “made in axon’” micro D connectors or any type of connector available in the market.   FRENCH TECHNOLOGY “MADE IN INDIA”   India being a strategic market in terms of rapid development, it was decided to build a new plant in 2 phases: 2500 m² in 2018 and a 1500m² additional building in 2020 at Devanahalli Aerospace Park close to the international airport in Bangalore. Axon’ India employs 65 staff in 2017 expects to hire 100 people by 2021 to reach 150 staff in total at that time with a total turnover of 5 million € by 2021.       Innovation is one of the priorities of the group which invests 10% of its turnover in Research & Development. Over 200 technicians and engineers are specialized in manufacture and plating of precision conductors, plastics technologies, and electronics. The advanced Interconnect expertise of the Axon’ group allows its Indian subsidiary to produce state of the art Wires, cables and harnesses using any type of connectors available in the world or custom designed following customer needs. The company draws its experience in space and defense to offer reliable dedicated solutions in automotive industry; All sites involved in the manufacture of automotive products are ISO 9001/TS16949 certified. Axon’s 13 integrated manufacturing sites in Asia, Europe and America can handle all orders from small and medium size volumes right up to mass production.   « We want to build a long-standing company » this illustrates both history and vision of Axon’ long-term strategy, says Joseph Puzo, President and CEO of AXON’ Group     The Auto equipment manufacturers market in India is estimated to be 35 Billion € in 2015-16 representing 41% of automotive sales. India now has more than 500 suppliers and 10,000 subcontractors. Participating in the auto expo would be one step ahead for the company as the Indian equipment manufacturers and sub-contracting SMEs are looking for foreign partners (JV, technology transfer, R & D centers, equipment modernization and production lines) to overcome their technological gap, particularly in the face of BS-VI challenges, the evolution of safety standards & the electric vehicle.

“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.  

V.I.E contract in India corresponds to the needs of exporters and is now more flexible

Purva Marwaha - 13-mai-2016 13:00:43
V.I.E contract in India corresponds to the needs of exporters and is now more flexible Extended to two years from January 2016, the maximum duration of contracts are now perfectly suited to the requirements of the Indian market. It’s official: the annual quota of V.I.E (International French Volunteership) in India has increased to 250 (against 50 previously) and the maximum length of stay extended to two years (instead of one year). Announced in Paris in April 2015 during the visit of Indian Prime Minister Narendra Modi, the new terms were approved after the state visit of François Hollande in January 2016 and are now effective. According to Thibaut Fabre, Director of Business France India, it is an opportunity to grab for the French companies: "It is now very easy to use this beneficial device that combines all the assets to succeed in India: a flexible HR formula, competitive and that can rely on highly qualified profiles. An Indian market where the business environment requires a long-term investment, V.I.E becomes one of the most appropriate tools to put its commercial development over time. " India’s thriving economy This relaxation takes place in a conducive environment: seventh world economy, becoming the most populous country in the world (2025), India has the highest rate of growth of the BRICS: + 7.5% are expected in 2016, according to IMF data. "More than ever, this country-continent becomes a land of conquest for French companies. It is all the more attractive and is positioning itself as a platform to export in Asia and beyond, "says Thibaut Fabre. Talented, creative and autonomous The profiles of the most sought V.I.E are those young graduates specializing in engineering, finance, project management, implementation of quality policy or commercial development. "Candidates should also know exercise of autonomy, creativity and a strong ability to adapt. It is crucial for success in this unique market overseas export, "says Thibaut Fabre. This program, better known by the companies also allows them to sustain their presence after a first commercial success. The young graduate is both a local support and a gateway to the headquarters, said Business France. This is what motivated the engine manufacturer Leroy Somer. For Leroy Somer, the V.I.Es are a nursery of talent involved in international development: "The V.I.E allows better communication with our factories in France. They provide the relay with local teams and help us to realize the projects we could sometimes not start without them. " If the company does not have its own offices yet, the V.I.E may receive a direct debit via ad hoc platforms, such as the Chamber of Commerce Franco-Indian. These accommodations make life easier for the company and is an asset for French SMEs in their efforts to export.   Six key areas to target the Indian market - Sustainable development: renewable energy, smart cities, waste treatment, ... - Health: hospitals, modernization of equipment, access to care ... - Automotive: reminder, India is the 6th world producer of cars - Food: equipment, packaging, storage, ... - Consumer goods: textiles, leather goods, luxury ... - Internet and digital e-commerce, Internet of Things, solutions and services on the internet and mobile telephony, FinTech, RetailTech, e-Health: a rapidly growing sector, ...

Peugeot plans to re-enter India by 2021

Purva Marwaha - 22-avr.-2016 11:47:05
  French car company Peugeot has set its eyes on the Indian car market and plans to enter here by 2018. The car maker plans to get into a partnership with an Indian company to start its new foray in the sub-continent.  Peugeot, which is expected to make  India  its manufacturing base for domestic and export markets, is likely to launch its products before the end of 2021. Peugeot’s Indian entry is considered as a part of the company’s aggressive ‘Push to Pass’ growth plan for the period 2016-2021. In 2014, the French carmaker formed a new ‘India-Pacific’ business zone comprising India,  SAARC  countries, Japan, Korea,  Australia  and New Zealand. The company is looking at launching only new generation cars in India and not those which are at the end of their production cycles.  For its Indian venture, the automaker wants to focus on frugal research expenditure and rigorous control over production costs as well as fixed costs in the price sensitive Indian market. Peugeot wants to reach an average of four percent recurring operating margin in 2016-2018, and target six percent by 2021. It wants to establish itself as a big brand and accordingly plans a blitzkrieg of products from its global range, notably the plug-in hybrid cars and autonomous connected vehicles. This will be Peugeot’s second entry into the sub-continent. In its first innings in India, which ended late 1997, the company had partnered with Premier Automobiles.   Source: Business Standard-  http://bit.ly/1U8lfgl    

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  

ACTIA India to unveil latest End Of Line diagnostic solution for vehicles ever conceived in India

Purva Marwaha - 29-mars-2016 12:23:16
ACTIA India to unveil latest End Of Line diagnostic solution for vehicles ever conceived in India ACTIA India, a JV between ACTIA Automotive and DMG Finance & Investments, have recently unveiled their latest End Of Line (EOL) diagnostic solutions, developed for Renault, on their latest Kwid vehicle. This is the first time such a diagnostic solution is implemented in India automotive industry. In order to achieve this breakthrough, ACTIA India had to solve the main challenge of proposing a unique software suite combined to a hardware kit able to analyse diagnostic tests made on vehicles, at a cost efficient price. This achievement has been possible thanks to a “ jugaad innovation ” approach developed in collaboration with Renault, taking into account Renault technological legacy while processing the necessary adjustments and removing the superfluous aspects of the diagnostic. The unique software suite and the hardware kit enable manufacturers to treat diagnostic tests’ results in a simpler manner, which has a significant incidence on their operating costs. ACTIA India has strong expectations from the Indian market, as said by Mr. Pascal Perhirin, Business Development Manager, Off Highway Solutions and ex-CEO of ACTIA India: “ India is a highly dynamic market and the key words to enter this market are Innovation, quality and well-priced products. The latest EOL diagnostic delivered to Renault India makes us today capable of any kind of tailored diagnostic solutions, for all types of vehicles: cars, buses, trucks ”. In addition to this project, ACTIA India has also implemented a full End Of Line diagnostic solutions for Ashok Leyland in India, completed in 2013. The company can serve any kind of diagnostic requirement in the automotive industry: vehicle manufacturing (End Of line), repairing (VCI, aftersales tools) or maintenance operations (test lanes). About ACTIA India: ACTIA India is a JV between ACTIA Automotive, and DMG Finance & Investments, set up in 2002, with the objective to create an engineering and manufacturing base in India as well as to leverage the engineering strength in India thanks to a strong presence in the passenger and commercial vehicles market. ACTIA India is part of ACTIA, an international group created in 1986, which specialises in high added value electronic equipment, destined for the buoyant vehicle and telecommunications markets. The company is present in 15 countries (Headquarters based in France) and employs 3000 staff over the world including 730 engineers. The automotive division of the company focuses on 4 core activities: vehicle diagnostics, on-board systems, electronic manufacturing and fleet management. Highly involved in innovative technologies and in cutting edge manufacturing, ACTIA has committed to taking up the challenges of a connected and sustainable urban mobility. For further information, please visit: www.actiagroup.com General view of Electrical and Electronic Diagnostic for conformity check, traceability reading, VIN writing and checking, DTC reading & erasing, learning procedures, configuration writing and checking, calibration writing.   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 V.I.E international internship program. 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 and youbuyfrance.com.in .     Company contacts: Mr. Pascal PERHIRIN ACTIA Business Development Manager, Off Highway Solutions, Automotive Division Tel: (+33) 5 61 17 68 47 / @: pascal.perhirin@actia.fr   Press contact: Mr. Thomas ILHE Business France, French Trade Commission in India   Trade Officer. Tel: 011 4319 6303 / @: thomas.ilhe @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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