While the French sources did not say whether the two countries would ink a pact in the nuclear energy sector, India officials told PTI that an agreement to expedite the Jaitapur nuclear plant was expected to be signed during the presidential visit. France has also been strongly supporting India's bid for membership of the export-control regime Nuclear Suppliers Group (NSG).
The remarks by the French side assume significance in the backdrop of India, the US, Japan and Australia coming together and holding discussions on the sidelines of the India-ASEAN Summit in Manila last year on ways to boost cooperation in the IOR.
France has military and naval bases in the IOR, which also has a sizeable French population. The IOR has also been witnessing increasing naval presence of China.
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Defence has been one of the key pillars of strategic partnership and the visit will also focus on this aspect, the French source added. India has signed an inter-governmental agreement with France to procure 36 Rafale jets.
Asked if international issues, including non-proliferation will be discussed, the French source said all issues of mutual interest will be deliberated upon.
Cooperation in the area of counter-terrorism will also be discussed during the bilateral meeting between Modi and Macron on March 10.
The French President will be accompanied by a business delegation of CEOs of 40 French companies, including those from the defence sector.
The bilateral trade between India and France for the period from April 2016 to March 2017 reached USD 10.95 billion. France is the 9th largest foreign investor in India with a cumulative investment of USD 6.09 billion from April 2000 to October 2017.
On the same day, he will also attend a Knowledge Summit which will be attended by more than 200 academicians from both sides.
On March 11, Macron will attend the International Solar Alliance (ISA) Summit, an initiative mooted by France and India.
The ISA Summit, expected to be attended by several heads of the states and governments, is likely to focus on concrete projects.