India, France Expand Mutual Collaboration Areas
ECONOMY & POLICY

India, France Expand Mutual Collaboration Areas

India and France can grow partnerships in aerospace, electric vehicles, agriculture, and food processing, benefiting both nations, said Piyush Goyal. The two countries' bilateral trade reached $15 billion in 2023-24, highlighting their strong economic ties. Goyal noted that France is India’s 11th largest foreign investor, with over 750 French companies present in India, and 70 Indian companies operating in France.

The countries have successfully collaborated in renewable energy, particularly through the International Solar Alliance (ISA), co-sponsored by India and France. Goyal also emphasized India’s position as the world’s largest aviation market, encouraging French aviation companies to explore manufacturing opportunities in India, where demand for aviation equipment is poised to soar.

Goyal outlined further potential for co-innovation in electric vehicles (EVs) and digital technologies such as AI, cybersecurity, e-commerce, and quantum technologies. He also advocated for deeper cooperation in defense, capitalizing on India’s robust intellectual property regime. This growing partnership aligns with both nations’ sustainable development goals and addresses pressing global challenges like climate change.

India and France can grow partnerships in aerospace, electric vehicles, agriculture, and food processing, benefiting both nations, said Piyush Goyal. The two countries' bilateral trade reached $15 billion in 2023-24, highlighting their strong economic ties. Goyal noted that France is India’s 11th largest foreign investor, with over 750 French companies present in India, and 70 Indian companies operating in France. The countries have successfully collaborated in renewable energy, particularly through the International Solar Alliance (ISA), co-sponsored by India and France. Goyal also emphasized India’s position as the world’s largest aviation market, encouraging French aviation companies to explore manufacturing opportunities in India, where demand for aviation equipment is poised to soar. Goyal outlined further potential for co-innovation in electric vehicles (EVs) and digital technologies such as AI, cybersecurity, e-commerce, and quantum technologies. He also advocated for deeper cooperation in defense, capitalizing on India’s robust intellectual property regime. This growing partnership aligns with both nations’ sustainable development goals and addresses pressing global challenges like climate change.

Next Story
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?