‘India key partner for energy shift’

MUMBAI: French companies have always believed and invested in India’s amazing economic potential, French minister for Europe and foreign affairs, Catherine Colonna, said at the 45th anniversary celebrations of the Indo-French Chamber of Commerce and Industry (IFCCI) held here last week.
“More than that, they play a key role in the broader Indo-French partnership for the planet. Through both public support and private sector initiatives, France is India’s steadfast partner to achieve the ecological, urban and energy transitions,” Colonna added.
Colonna was the chief guest at the event where France’s vision for the Indo-Pacific and India’s central role was announced. The event saw a gathering of over 280 business leaders from French and Indian companies. Godrej Industries CMD Nadir Godrej, Tata Sons brand custodian Harish Bhat, and Mahindra group HR president Ruzbeh Irani were present, among others.
There was also a panel discussion among CXOs (C-suite executives) on “achieving sustainability in challenging times” and top French and Indian companies put forth their ideas which could help create effective sustainability options for corporates that would in turn help them grow further.
IFCCI president Sumeet Anand said, “India is emerging as a preferred partner of growth and competitiveness for our member companies and is projected to grow faster than China for each of the next 5 years. India is perfectly aligned to be a preferred partner for France for trade and investment in all 3 areas: Domestic market at scale, talent for India and the world and competitive low-cost manufacturing base for an increasing number of sectors.”
India and France have a long-standing strategic partnership based on mutual trust and consultation. IFCCI established in 1977 is one of the most active bilateral chambers in India that promotes mutually beneficial trade relations between India and France.
During the second wave of Covid in India, France supported India with a solidarity mission launched at the request of the French President. The operation was implemented by the Embassy of France in India led along with IFCCI and Team France.
During this mission, Rs 55 crore (6.1 million euros) was raised from 55 French and Indian groups by donating 29 French-made oxygen-generating plants to Indian hospitals across the country.