You are here: Home » PTI Stories » National » News
Business Standard

Indian investment proposals in France jump 73% in 2017

Press Trust of India  |  New Delhi 

recorded the biggest rise of 73 per cent in proposals into among emerging economies in 2017, according to a report.

In 2017, there were 19 Indian foreign projects in France, up 73 per cent over last year when there were 11 such projects, according to the report -- The 2017 Annual Report: Foreign in - The of the French

"Among emerging economies, recorded the biggest rise," the report noted.

In total, recorded as many as 1,298 foreign investment projects in 2017, with the US emerging as the top investor. The proposals rose by 16 per cent from 2016.

European countries remained the leading sources of foreign investment in France. The largest increase in investment decisions was from the US (up 26 per cent), (up 40 per cent), (up 37 per cent), the (up 47 per cent) and (up 76 per cent).

Moreover, was also among the key markets that drive French exports in along with and

The report further noted that Indian IT has announced plans to move its business forward in France via a strategic partnership with CMA-CGM.

will open a centre for development and innovation in (Provence-Alpes-Cte d'Azur region), leading to 80 jobs and setting the standard for as a hub of expertise. There are also plans to open a training centre at some point, it added.

The report further noted that foreign companies invested primarily in production/manufacturing operations, with 343 investment decisions in 2017, creating 16,123 jobs.

"The growing numbers of investment decisions in France, and the jobs they generate, highlight the renewed confidence that decision-makers now have in a country on the move," said Christophe Lecourtier, of

is the national agency supporting the of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France.

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

First Published: Tue, April 17 2018. 15:50 IST
RECOMMENDED FOR YOU