India, France agree to enhance cooperation in critical minerals, investment, financial connectivity

04 Jul 2026 Evaluate

With the aim to deepen economic ties and strengthen bilateral trade, India and France have agreed to enhance cooperation in critical minerals, investment, and financial connectivity. The decision was taken during the India-France Economic and Financial Dialogue (EFD) held in Aix-en-Provence, which was co-chaired by Finance Minister Nirmala Sitharaman and her French counterpart, Roland Lescure. Sitharaman is on a four-day official visit to France, which began on July 1, 2026.

The finance ministry said ‘As the economic relationship between India and France deepens within the broader framework of the special global strategic partnership, resuming high-level exchanges on international outlook, bilateral cooperation and outcome-oriented solutions had become essential’. Sitharaman and France's Minister of Economy, Finance, Industrial, Energy and Digital Sovereignty, Roland Lescure, discussed greater alignment of the two countries' positions in multilateral economic forums, including the G20 and the Paris Club, in the context of India's association with the French G7 presidency.

During the India-France EFD, the two ministers also exchanged views on the global economic outlook. The discussions covered potential areas of enhanced bilateral cooperation, including the implementation of the India-France partnership on critical minerals as part of broader efforts to strengthen economic sovereignty and security. The two sides also explored ways to boost cross-investments and discussed opportunities in the high-speed railway sector following the signing of a declaration of intent on railways. Also, proposals to further connect the financial industries between India and France were discussed by the ministers.

The ministers have pledged to use the economic and financial dialogue as the main platform for addressing economic, financial, technological, investment and trade matters between India and France. Both leaders agreed on exploring the possibility of holding the next edition of the dialogue in 2027. The dialogue followed the commitment made by Prime Minister Narendra Modi and French President Emmanuel Macron during the latter's visit to India in February 2026 to convene the Economic and Financial Dialogue this year.

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