India, France sign MoU to strengthen economic relations

France and India on Friday signed a Memorandum of Understanding (MoU), seeking to strengthen the bilateral cooperation between the two nations in economic relations.

The two nations signed an MoU on cooperation in the field of renewable energy between the Ministry of New and Renewable Energy (MNRE) and the Ministry of Ecology, Sustainable Development and Energy.

This MoU will help establish the basis for cooperation and relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefits and reciprocity through exchange and training of technical personnel, exchange of information and data, joint research and transfer of know-how and technology. It would cover solar, wind, bio-energy, tidal and wave energy sectors.

 

Earlier in the day, Prime Minister Narendra Modi Hollande released stamps to mark 50 years of Indo-French cooperation. The two leaders also held a meeting wherein they reviewed relations between the two countries and discussed matters pertaining to defence, nuclear, economics, culture, education and people to people ties.

Prime Minister Modi addressed the august gathering at the United Nations Educational, Scientific and Cultural Organisation (UNESCO) headquarters in Paris earlier in the day.

The Prime Minister, who is currently on the first leg on his three-nation nine-day tour, arrived at the UNESCO headquarters at Place de Fontenoy, Paris today.

Prime Minister Modi was also accorded a ceremonial welcome at the Elysee Palace in Paris.

Prime Minister Modi will reach the German city of Hannover on Sunday on the second leg of his visit. He will reach Canadian capital Ottawa on Tuesday on the final leg of his visit.