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France signs deals worth $16 billion in India, Macron's office says

Reuters  |  PARIS 

(Reuters) - French and Indian companies signed contracts worth 13 billion euros ($16 billion) on the first day of Emmanuel Macron's visit to on Saturday, the French presidency said in a statement.

The deals include a contract for France's to with engines, water system modernisation by Suez in the southern city of and a contract between company and Sterlite.

Macron's office did not provide a breakdown of the contracts' values or details about the deals. It said some 200 million euros of investments will be made in

A so-called "Industrial Way Forward Agreement" was signed between French utility EDF and India's NPCIL for the construction of six nuclear reactors at Jaitapur. Negotiations over the construction of next-generation nuclear reactors in have been dragging on for years.

It was not immediately clear whether these were firm contracts or letters of intent.

($1 = 0.8127 euros)

(Reporting by Michel Rose; Editing by Cynthia Osterman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 14:06 IST