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Key Points

Union Commerce and Industry Minister Piyush Goyal expressed optimism regarding French companies' confidence in India's growth potential at the India-France CEO Forum. He discussed cooperation in technology, AI, education, and startups, indicating robust economic and trade ties on the horizon. Goyal emphasized the establishment of a fast-track mechanism to address trade and regulatory barriers, aiming to boost bilateral trade beyond the current $15 billion. Highlighting the significant collaborations ahead, Goyal underscored India's commitment to a fair and inclusive trading system, while also engaging with international leaders to strengthen global partnerships.

Key Points: Piyush Goyal Highlights French Trust in India's Economic Growth

  • Goyal addressed India-France CEO Forum
  • Stressed on collaborations in AI, startups, and education
  • Announced fast-track mechanism for overcoming trade hurdles
2 min read

French companies believe in the India growth story: Piyush Goyal

Piyush Goyal at India-France CEO Forum emphasizes growing trust in India's growth from French companies, focusing on tech, AI, and startups.

"French companies believe in the India growth story. - Piyush Goyal"

Paris, June 3

Union Commerce and Industry Minister Piyush Goyal on Tuesday addressed the India-France CEO Forum, covering a wide range of aspects of India-France cooperation, including technology, AI, education and startups.

In a post on X social media platform, Goyal highlighted how French companies believe in the India growth story.

“Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin,“ said the Union Minister.

During the interactive discussion, attended by Indian and French companies, “we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups,” he stated.

Goyal further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together.

The minister also had a productive meeting with Dr. Ngozi Okonjo-Iweala, Director General of the World Trade Organisation (WTO).

The Commerce minister emphasised India’s commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system.

He also met Saudi Minister of Commerce, Majid Al-Qasabi, and discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership.

Earlier, Piyush Goyal said that India and France must work to strengthen bilateral economic ties as there was ample scope to boost trade between the two countries from the current level of $15 billion. Addressing the India-France CEO Forum here, the minister said both countries must work towards deeper cooperation in emerging and strategic sectors.

He suggested forming joint working groups in the private sector under the CEO Forum to explore collaborations in artificial intelligence, tourism, manufacturing, and global capability centres as well.

Goyal also announced that India and France would activate a fast-track mechanism at the ambassadorial level to help businesses overcome trade and regulatory hurdles.

"This will help us find new areas of trade and support each other in crossing the Rubicon of regulation," he remarked.

—IANS

- IANS

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Reader Comments

R
Rahul K.
This is great news! 🇮🇳🤝🇫🇷 France has always been a reliable partner for India. Their investment in our tech and startup ecosystem will create more jobs and boost Make in India. Hope to see more collaborations in AI and manufacturing sectors.
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Priya M.
While I appreciate the enthusiasm, I hope these partnerships actually benefit Indian SMEs and not just big corporations. We've seen many foreign investments where the real benefits don't trickle down to smaller businesses. The fast-track mechanism sounds promising though!
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Arjun S.
France-India partnership in AI could be game-changing! With our IT talent and their research capabilities, we can compete with US-China tech dominance. Just hope our education system gets upgraded to match these ambitions. #DigitalIndia
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Sunita R.
$15 billion trade is peanuts compared to our potential! France is Europe's third largest economy and we're the fifth largest - should aim for at least $50 billion in next 5 years. Good that they're focusing on manufacturing - we need more than just IT services exports.
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Vikram J.
Hope these collaborations come with technology transfers too. We can't just remain the back office of the world - need to move up the value chain. The joint working groups idea is smart, but implementation will be key. Jai Hind! 🇮🇳
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Neha P.
Tourism partnership is much needed! France gets 90 million tourists annually while we struggle with 10 million. We have so much to offer - from Himalayas to beaches. Maybe French expertise can help improve our hospitality sector. 😊

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