Sirugue said bilateral trade between India and France is not commensurate with the potential of the two nations.
"France is an economic powerhouse and Indian investors are welcome to set up their businesses in the country to step up the economic growth trajectory in the two countries," he said.
The two-way commerce in goods between India and the EU was USD 98.5 billion in 2014-15. However, bilateral trade between India and France stood at USD 9.37 billion in 2014-15. India has received USD 4.76 billion FDI between April 2000 and September 2015.
"France is the largest market in Europe which has investor-friendly policies and a free business environment," he said and added that France integrates creativity with innovation to create a stable and marketable economy. Sirugue said this while addressing a seminar organised by Ficci here.
Also Read
Sirugue said that with its high-end Science and Technology, France is the Silicon Valley of Europe and a heaven for research.
He added that France also has universities which provide specialized courses on subjects such as engineering and provide a conducive learning environment to foreign students.
Ficci Secretary General A Didar Singh said that the Indian business community stands committed towards forging new partnerships with France by tapping existing and unexplored potential and looks forward to give impetus to India-France trade and investment relations.
The session also heard key messages of Indian CEOs about the economic attractiveness of France.
Disclaimer: No Business Standard Journalist was involved in creation of this content