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INDIAN AFFAIRS
‘FRENCH COS MAY INVEST $10 BN IN INDIA OVER NEXT 5 YEARS
February 5, 2016
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1.French companies are likely to invest almost $10 billion in India in the next five years and a major portion of this will be in the industrial sector making France an important player in the Indian government’s Make in India initiative to boost the manufacturing sector, the visiting French Minister for Finance and Public Accounts Michel Sapin said on Monday.

2.He said French firms had invested more than one billion dollars annually in the last five years. The minister said the country’s companies account for 10 per cent of solar capacity installed in India and they could increase their capacities by 2020-22.

3.There were over 400 French firms in India with a consolidated turnover of about $20 billion and France was the third largest foreign investor in India.