Tuesday, February 11, 2014: In a bid to increase its assets in India, France is exploring liable opportunities in the less developed parts of the country like Jharkhand. The leading European Union member, France has already invested $173 million (in the second quarter of the current financial year ending on 31 March) in India. The country is inclined to further its presence across various sectors in the eastern and northeastern states of India including that of solar energy.
During an interaction with the Confederation of India Industry (CII), Jharkhand chapter, the members of the Center for Excellence, the consul general said that the state of Jharkhand holds decent potential for the French companies to invest. He said that the banned extremist outfit, CPI (Maoist) is threat to investment proposals and security scenario is a concern for the potential French capitalists.
Talking to reporters Etienne distinctly said,”I am not here with any concrete investment proposal, but my job is to discover the ground reality so that further discussions in that direction can get underway,” on his first visit to Jharkhand. He also announced the Indo-France Chamber of Commerce and Industry centre in Kolkata to regulate bilateral business proposals of the eastern states.
Underlining the importance, the consul general also informed that XLRI School of Business and Human Resources are in talks with BIT-Mesra for academic exchange programmes between the two countries.
