NewKerala.com

Key Points

Commerce Minister Piyush Goyal is on an official visit to Paris, meeting with top global CEOs like those from Renault and EDF to discuss India's potential in the electric vehicle (EV) and renewable energy (RE) sectors. Goyal emphasizes India's growing role as an automobile manufacturing hub and explores sustainable energy integration. He also hints at progress toward a free trade agreement with Oman. Plans for future collaborative opportunities are central to deepening these international economic ties.

Key Points: Piyush Goyal Engages Global CEOs on India EV and RE Growth

  • Piyush Goyal meets with global CEOs in Paris
  • Focus on electric vehicle and renewable energy sectors
  • Discusses India's growth potential and investment opportunities
2 min read

Piyush Goyal meets top global CEOs, discusses India's potential in EV, RE sectors

Piyush Goyal meets top CEOs in Paris, discussing India's potential in electric vehicles and renewable energy.

"Discussed the company’s investment plans for India and avenues for deeper collaboration. - Piyush Goyal"

Paris/New Delhi, June 2

Commerce and Industry Minister Piyush Goyal on Monday met some top global CEOs in Paris to explore their future investment plans for the India market in promising sectors like electric vehicle and renewable energy (RE).

The minister is on an official trip to France with the aim of boosting trade and investments and will also attend a ministerial meeting of the World Trade Organisation (WTO) on Tuesday.

“Held a meeting with Luca de Meo, CEO of Renault Group. Exchanged views on India’s growing potential as an automobile manufacturing hub, along with emerging opportunities in the EV sector,” Goyal posted on X social media platform.

He also met Bernard Fontana, Chairman and CEO of state-owned energy provider EDF, and discussed India's growing leadership in the renewable energy sector and “ways to further integrate sustainable energy solutions into our development roadmap”.

Earlier, the Union Minister met Patrick Pouyanne, Chairman and CEO of TotalEnergies, a global integrated energy company.

“Discussed the company’s investment plans for India and avenues for deeper collaboration in the renewable energy sector,” said Goyal.

Commerce Minister has also indicated that India is likely to sign a free trade agreement (FTA) with Oman soon, as the talks between the two countries are making headway. The talks for the free trade pact with Oman started in November 2023, and Goyal visited the Gulf country from January 27 to January 28. Piyush Goyal commences official visit to France, Italy to boost economic ties

During his three-day engagements in France, Union Minister Goyal is scheduled to hold bilateral meetings, including with Eric Lombard, Minister of Economy, and Laurent Saint-Martin, French Trade Minister, according to the Commerce Ministry. The discussions will focus on strengthening the Indo-French economic partnership and exploring new avenues for enhancing trade and investment cooperation.

The minister will meet top leadership of major French companies such as Vicat, Total Energies, L'Oreal, Renault, Valeo, EDF and ATR.

Following his engagements in France, the Union Minister will proceed to Italy for the next leg of his official visit.

- IANS

Share this article:

Reader Comments

R
Rahul K.
Great to see India pushing for EV and renewable energy investments! 🇮🇳 This is exactly what we need to reduce oil imports and create jobs. Hope these meetings translate into actual manufacturing plants and technology transfer, not just talk.
P
Priya M.
While foreign investment is welcome, I hope our government ensures that Indian companies also get fair opportunities. We have homegrown EV startups like Ola Electric doing good work - they shouldn't be sidelined by foreign giants.
A
Arjun S.
Good initiative but implementation is key! We've seen many MoUs signed in the past with little results. Also, hope the FTA with Oman benefits our workers and doesn't just favor big corporations. #MakeInIndia
S
Sunita R.
Renewable energy sector has huge potential in India. But we need proper infrastructure and policies to support it. Solar panels on every roof should be the goal! ☀️
V
Vikram J.
Meeting with Renault is interesting. Hope they bring affordable EV options for middle class Indians. Current EV prices are too high for average buyer. Also need more charging stations across cities and highways.
N
Neha P.
While focusing on foreign investments, we must also invest in our own R&D. Can't always depend on foreign technology. ISRO has shown what Indians can achieve with proper funding and vision. Jai Hind!
K
Karan D.
Positive step but government should ensure these deals benefit local communities too. Many foreign companies come, take subsidies and then leave when profits aren't immediate. Need stronger commitments and accountability.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50