[AI] france offers opportunities for Indian investments
rambabu_arb at yahoo.com
Wed Sep 26 12:23:15 EDT 2007
The article which I am pasting below may be off topic.
But the interesting fact of this article is its author
Dr. Garimela Subramanyam, who is a visually
challenged. He is the Sub-Editor in The Hindu. As some
of you might be knowing, our friend, L.Subramani is a
correspondant at The Deccan Herald, don't you think
that there is a very good opportunity for us to
venture into the field of journalism?
International - India & World
France offers opportunities for Indian
Value of single European market needs more
Focus on IT, pharmaceuticals and automotive
Frances FDI attractiveness attributed to
Paris: Although the worlds largest single
market of 500 million consumers
in the European Union should be an obvious
attraction to Indian investors
overseas, this reality often went unnoticed
among entrepreneurs, according
to Philippe Favre, president, Invest in France
Talking to visiting journalists from India, he
said France, the worlds
fourth largest recipient of foreign direct
investment, offered ample
opportunities for Indian investment in the
Information and Technology,
pharmaceuticals and automotive sectors.
Some 40,000 jobs were created in 2006 by foreign
companies doing business
in France and they account for 16 per cent of
the total number of
employees in the market sector, according to a
recent IFA report. Mr.
Favre ascribed the FDI attractiveness of his
country, a smaller economy
than Germany, to a tradition of greater
openness. In addition to its 63
million consumers, France boasts the worlds
largest number of tourists of
On the IFAs India focus, he said the Indian
economic and business
establishment, on account of training and
exposure, tended towards the
United Kingdoms viewpoint on Europe.
This to a large extent explained a lack of
familiarity with the realities
of a highly integrated European market and
common customs tariffs and
anti-trust regulation in the 27 member-states.
He pointed out that this
lag was peculiar to India, unlike Japan and
China, where there was a more
nuanced appreciation of the advantages of
Europes investment climate.
The expansion of the eurozone where the common
currency the euro is
adopted to 15 states (Cyprus and Malta are set
to join it from January
2008) would be an obvious boost to trade. Mr.
Favre also referred to the
Schengen area which enables travel among the
member-countries with a
common visa, a highly beneficial system for
non-EU citizens that allows
cross-border movement among firms based in
Asked whether the high labour cost involved in
setting up businesses in
advanced countries was not a deterrent to FDI
flows, Mr. Favre said the
sheer size of the market and infrastructure
overrode wage considerations.
This was borne out by the fact that the top 10
countries in terms of FDI,
with the exception of China, were from the
Moreover, companies nurturing global ambitions
and international brands
could not achieve their goals without a presence
in the EU, he said.
In a bid to raise Indian FDI inflow into France,
the IFA has identified
300 Indian IT and pharmaceutical firms with an
international presence as
potential investors and recently opened an
office in New Delhi.
Phone: 044-25540134, 044-42813150
Fussy? Opinionated? Impossible to please? Perfect. Join Yahoo!'s user panel and lay it on us. http://surveylink.yahoo.com/gmrs/yahoo_panel_invite.asp?a=7
More information about the AccessIndia