Tuesday, January 06, 2026 | 11:19 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

Image

Reuters PARIS

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

The deals include a contract for France's Safran to supply airline SpiceJet with engines, water system modernisation by Suez in the southern city of Davangere and a contract between industrial gas company Air Liquide 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 India.

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 India 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)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 10 2018 | 2:06 PM IST

Explore News