ASSOCHAM signs MoUs with Business France, IACCIA to boost trade and investment ties
New Delhi, August 3
The Associated Chambers of Commerce and Industry of India has signed two strategic Memorandums of Understanding with Business France and the India & Arab Countries Chamber of Commerce, Industry and Agriculture to strengthen international business cooperation, facilitate trade and investment, and create new opportunities for enterprises across India, France and the Arab world.
The agreements are aimed at strengthening India's global economic partnerships through institutional collaboration, business exchanges, investment facilitation, technology partnerships and improved market access for companies across key sectors.
Under its partnership with Business France, ASSOCHAM will work to facilitate trade and investment opportunities between Indian and French businesses, encourage technology collaboration and joint ventures, and support business delegations. The partnership will also involve the exchange of market intelligence and the organisation of trade fairs, exhibitions, conferences and other business promotion activities.
The MoU with IACCIA will focus on promoting bilateral trade and investment between India and the Arab world. The two organisations will facilitate business delegations, exchange trade and investment information, and support joint ventures and technology transfers. They will also organise business events aimed at helping enterprises explore new markets and establish long-term commercial partnerships.
ASSOCHAM Secretary General Saurabh Sanyal said India's growing engagement with global markets presents significant opportunities for businesses to expand partnerships, investments and innovation.
He said the collaborations with Business France and IACCIA reflect ASSOCHAM's commitment to building stronger institutional linkages that enable enterprises to connect with international markets, explore new opportunities and create sustainable long-term value.
Vianney Meynier, Head of the Agricultural Export Division at Business France, said the partnership reinforces the organisation's commitment to supporting stronger business ties between French and Indian enterprises. He said greater engagement between companies, institutions and investors could create new avenues for innovation, trade and investment.
IACCIA Secretary General (In-charge) Waiel S.H. Awwad said India and the Arab region share long-standing economic and cultural ties, adding that the MoU would provide a platform to facilitate greater business interaction, encourage investment partnerships and strengthen commercial cooperation.
The agreements were signed during the ASSOCHAM MoU Signing Ceremony in New Delhi in the presence of senior representatives from the partner organisations.
— ANI
Reader Comments
Interesting to see the focus on Arab countries too. Given our historical trade links with the Gulf region, this could really boost exports of Indian agriculture, textiles, and IT services. Let's hope this translates into real business for SMEs, not just big corporates.
Every few months we see such MoUs being signed. But what's the ground reality? Are our exporters actually benefitting? I hope ASSOCHAM and DPIIT work on removing non-tariff barriers because that's where the real problem lies — European standards are tough to meet for our MSMEs.
🌍 Great news for the Make in India initiative! France is a leader in clean energy and infrastructure, and the Arab world is looking at India for food security and technology. This could be a win-win if we leverage it right. Kudos to ASSOCHAM for expanding our global footprint!
While the MoUs are positive, I wish they would focus more on technology transfer and skill development partners for Indian engineers and workers. Sometimes these things become talking shops for diplomats, and small businesses never get to know about the opportunities. Need better awareness campaigns.
As someone who works with Indian suppliers for a French firm, I can vouch for the potential here. France is looking for reliable partners and India's manufacturing hub status is rising. The agricultural export focus from Business France's side is particularly smart — there's so much scope for cooperation there. 🇮🇳🇫🇷
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