PM Modi Encourages French Business Leaders to Exploit Lucrative Opportunities in India

Modi Promotes India's Economic Reforms and Opportunities at India-France CEO Forum

Prime Minister Narendra Modi, in conjunction with French President Emmanuel Macron, addressed the India-France CEO Forum, where he emphasized the ongoing economic reforms in India and urged French business leaders to explore the vast array of opportunities the country has to offer.

Strengthening Bilateral Ties and Accelerating the Friendship Journey

During the address, Prime Minister Modi highlighted the importance of the business community in strengthening the bilateral ties between India and France.

He encouraged the business leaders of both nations to collaborate and contribute towards accelerating the journey of friendship and cooperation between the two countries.

Commitment to Support Business Leaders in their Endeavors

Expressing his commitment to the business leaders, Prime Minister Modi pledged full support on behalf of the Indian and French leadership to facilitate their endeavors.

He assured them that the Indian government would extend its complete assistance in their efforts to tap into the promising business prospects in India.

Celebrating 25 Years of India-France Strategic Partnership

Recognizing the milestone of completing 25 years of strategic partnership between India and France, Prime Minister Modi commended the significant role played by business leaders from both countries in this journey. The enduring collaboration between India and France has been instrumental in fostering mutual growth and prosperity.

India's Pro-Business Initiatives Enhancing Ease of Doing Business

Prime Minister Modi highlighted the proactive measures taken by the Indian government over the past nine years to improve the ease of doing business.

These initiatives include relaxing foreign direct investment norms, promoting manufacturing through the Production Linked Incentive scheme, and reducing corporate tax rates, all of which have created a conducive environment for business growth and investment.

Relevant and latest facts for the news:

• India's economy is the world's third-largest by purchasing power parity (PPP).

• India is home to the world's second-largest population, with over 1.3 billion people.

• The Indian government has taken a number of steps in recent years to improve the business climate in India, including relaxing foreign direct investment norms, encouraging manufacturing through the Production Linked Incentive scheme, and reducing corporate tax.

• French businesses have a long history of investing in India. In recent years, there has been a growing interest among French businesses in investing in India's infrastructure, manufacturing, and technology sectors.

• The two countries are working together to strengthen their strategic partnership in a number of areas, including defense, security, and climate change.

Additional facts that you may find relevant:

• The Indian government has set a goal of making India a $5 trillion economy by 2024-25.

• India is one of the world's fastest-growing economies, with an average growth rate of 7% over the past few years.

• India is a major center for information technology and outsourcing.

• India is a member of the G20, the BRICS, and the SCO.

Conclusion

Prime Minister Narendra Modi, during his visit to France, underscored the ongoing economic reforms in India and urged French business leaders to seize the multitude of opportunities available.

His address at the India-France CEO Forum aimed to strengthen bilateral ties and enhance collaboration between the business communities of both nations, fostering a prosperous and enduring friendship.