Saturday, February 16, 2013

Hollande seeks more trade on India trip

French president Francois Hollande

FRENCH President Francois Hollande wrapped up his two-day trip to India on Friday (February 15) with a call for more investment and trade between the countries as he met with business leaders.

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Hollande, making his first trip to Asia since taking office last year, said that trade between India and France was barely $11bn (?7.10bn) annually - far from an objective of $16bn (?10.32bn) set in 2008.

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The French leader has sought to sell France for its infrastructure and highly educated labour force in a trip that has focused on business, particularly on the sale to New Delhi of French fighter jets and nuclear technology.

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?The idea of my visit, beyond friendship and our historical links and our common positions about the future of the world, is also to intensify economic and trade links,? he said in New Delhi.

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He arrived later Friday in Mumbai for a meeting with 250 business chiefs.

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After talks between Hollande and Indian Prime Minister Dr Manmohan Singh on Thursday (February 14), the two leaders stressed that negotiations were progressing on the world?s biggest defence deal, the sale of 126 French fighter jets to India.

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Hollande?s trip was seen by analysts as vital in giving a push to the $12bn (?7.74bn) purchase, which manufacturer Dassault Aviation hopes to conclude after being chosen for exclusive negotiations in January last year.

Source: http://www.gg2.net/news/india-news/Hollande+seeks+more+trade+on+India+trip/4324

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