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Updated: June 04, 2025 06:34
Union Minister of Commerce and Industry Piyush Goyal addressed the India-France Business Conference in Paris, highlighting India's rising economic prospects and the opportunities it offers for French enterprises. His address reflected India's intention to promote international trade, innovation, and strategic partnerships.
Enhancing Bilateral Trade and Investment
Goyal urged Indian and French businesses to partner with each other through the exploitation of common interests and competencies.
He emphasized India's talent pool and the ease of doing business priorities of the government as major economic growth drivers.
French companies were encouraged to venture into India's growing market, especially in technology, artificial intelligence, education, and start-ups.
Deepening Strategic Partnerships
The minister was also a part of the India-France CEO Forum Small Group Meeting with French Minister Delegate for Foreign Trade Laurent Saint-Martin.
Discussions ranged extensively from bilateral trade relations to economic cooperation and emerging industries.
Goyal underlined the increasing confidence of French businesses in the economic direction of India and the common resolve to further strengthen trade relationships.
Global Trade and Multilateral Engagements
Apart from interactions with the top business leaders of France, Goyal had meetings with World Trade Organization Director General Ngozi Okonjo-Iweala.
He reiterated India's resolve in favor of a fair, inclusive, and rules-based multilateral trading system.
The minister also met with Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, and discussed increased bilateral investment and trade opportunities.
Future Prospects and Economic Vision
Goyal's French visit is a sign of India's larger strategy to increase economic cooperation with important European partners.
His interactions with top French firms, such as Renault, L'Oreal, and Total Energies, indicate India's drive for increased foreign investment.
The talks reaffirmed India's vision to emerge as a global trading, innovative, and sustainable development hub.
Sources: Tribune India, Zee Business, The Hans India, The Print.
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