Govt assures full support to French cos to invest in India

The government has assured full support to address the challenges of French companies wanting to invest and manufacture in India.
Addressing a seminar organised by The Indo-French Chamber of Commerce and Industry (IFCCI), Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant said that the government is working alongside companies to ensure that there is an ease in doing business in India.
The DIPP assured it will "extend all possible support to address the challenges of French companies wanting to invest and manufacture in India," Kant said.
France is one of the top foreign investors in India.

India has received USD 4.4 billion FDI from the European nation during April 2000 and November 2014.
Firms that participated in the event include Airbus Group, Danone Nutricia, Safran India, Sanofi India, Schneider Electric India and Renault India.
The discussions mainly revolved around French companies that are already making in India, their India strategy, growth stories, and challenges and how they foresee India as a potential manufacturing hub.
Currently, 950 French companies (350 firms, 400 subsidiaries and 200 entrepreneurs) are established in India. These companies employ more than 3,00,000 skilled staff in India.