France has invited investments from India with a promise of helping companies
to set up business there, including through acquisitions.
the Indian companies want to be global players, they cannot ignore Europe...We
are well located in Europe and will welcome Indian investments," Philippe
Favre, chairman and CEO of Invest In France Agency (IFA), said.
said France was looking for investments from India in all sectors and that the
conditions, including tax and visa regimes, were favourable for this.
he said, has "better infrastructure and research and development facilities
than in the UK."
would also provide them access to European markets, their distribution networks,
brands, technologies and expertise, Favre said.
views last year''s acquisition of European major Arcelor Steel by Mittal Steel,
owned by India-born L N Mittal, as a successful example which can be replicated
in France, the state-run agency said.
IFA, tasked with projecting France as a land of opportunities with favourable
conditions and attracting overseas business, has identified 300 Indian companies,
mainly in IT and pharma sectors, as prospective investors in the country.
agency has recently set up an office in India, and plans to launch vigorous campaigns
to tap investment from the emerging economy.