In a bid to enhance bilateral investments and strengthen economic cooperation with France, Commerce and Industry Minister Piyush Goyal has called on French businesses to increase their investments in India’s manufacturing sector. He underscored India’s competitive advantages, including its vast talent pool and scale for manufacturing.
Goyal stated, ‘I would invite our French friends to visit India, invest in India, design in India, innovate in India, and manufacture in India, both for the large domestic market and for exports to the rest of the world.’ He added that in the uncertain global economic environment, the world is seeking partnership with trusted and reliable partners. Highlighting India’s growing innovation ecosystem, he stated that innovation has become an integral part of the country’s culture, driven by more than 230,000 startups.
The bilateral trade between India and France dipped to $15.81 billion in 2025-26 from $15.19 billion in 2024-25. France is the 11th-largest investor in India with $12.25 billion in foreign direct investment between April 2000 and March 2025. Meanwhile, Prime Minister Narendra Modi is in France, where he is scheduled to hold talks with French President Emmanuel Macron and also attend the G-7 Summit.
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