France to invest 2 billion euros in India; help in development of three smart cities

France to invest 2 billion euros in India; help in development of three smart cities

Looking to participate in India's growth story, Francois Hollande on Friday announced that France will invest 2 billion Euros in India. "France will help in the development of three smart cities in India, including Pondicherry and Nagpur," France President Hollande said.

India-France signed 17 agreements in sectors such as railways, skill development, science and technology.

Hollande said, "I am very keen on PM Modi's Make in India initiative. France supports the ambitious campaign. "We have role to play in stability and peace, which is why we support India and want it to become a permanent member of the UNSC," he said.

"We also want to share climate change technologies," he said. "We are prepared to welcome more Indian students to France. We are willing to train Indians in France," Hollande said.

Source: The Economic Times

SMART GRID Bulletin March 2017


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