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Invest India and Business France Sign MoU to Promote Investment

Invest India and Business France have signed an MoU to promote investment facilitation and cooperation between startups of India and France to facilitate direct foreign investment, a release from Commerce Ministry says.

Apart from creating a dedicated support structure to promote business and startups in both the countries, the partnership will strengthen the existing business relations and also provide a seamless facilitation channel for new businesses and innovations from India and France to grow in the French and Indian markets.

Invest India is the official Investment Promotion and Facilitation Agency of the Government of India and Business France is an executive agency of the French government under the supervision of the Minister for Economic Affairs and Finance and the Minister of Foreign Affairs and International Development.

While Deepak Bagla, MD and CEO Invest India said that the partnership will result in the cross-pollination of ideas, talent and technologies, Sophie Clavelier, Director South Asia Business France, stated that the aim of Business France is to create new opportunities, catalyse joint collaboration, and help innovative startups to be successful.


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