French companies committed to invest in Telangana: Ambassador

Hyderabad: France and French companies are fully committed to increasing their presence in Telangana and seizing many opportunities of the thriving, innovation-oriented State, said the Ambassador of France to India, Emmanuel Lenain. Speaking at the fourth edition of the Indo-French Chamber of Commerce & Industry (IFCCI) Investment Conclave in Hyderabad on Friday, he said “Many […]

Hyderabad: France and French companies are fully committed to increasing their presence in Telangana and seizing many opportunities of the thriving, innovation-oriented State, said the Ambassador of France to India, Emmanuel Lenain.

Speaking at the fourth edition of the Indo-French Chamber of Commerce & Industry (IFCCI) Investment Conclave in Hyderabad on Friday, he said “Many French groups have already invested in Telangana, particularly in biotech, IT and aeronautics. These Indo-French business endeavours in key sectors in Telangana also help to strengthen the strategic partnership between our two countries.”

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IFCCI brought together Emmanuel Lenain, Telangana Industries Minister KT Rama Rao and over 100 CXOs consisting of existing and potential French investors to Hyderabad with an aim to strengthen investment opportunities in the State.

The industry body showcased and promoted existing French investments in the State within its large network and positioned Telangana as one of the most sought-after investment destinations due to its strategic location, conducive business environment, infrastructure, proactive governance, and favorable ecosystem.

The conclave showcased the advantages of Telangana to the Indo-French business community via B2B and B2G meetings. The delegation commenced the day with site visits to French companies that are successfully operating in the State such as Safran Aircraft Engines, Mane India and Sanofi Shantha Biotech. The conclave included several panel discussions focusing on key industries.

Sumeet Anand, president, IFCCI said, “Telangana has a very healthy investment climate with strong leadership, investor-friendly reforms, strong cluster competency in key sectors, innovation and digital acceleration along with increased urbanisation and consumption levels. We believe employment opportunities will grow hand-in-hand with investment inflows and it is a win-win situation for all. Thus, the warm embrace by the leading French corporates comes as no surprise and IFCCI can confirm that French investment in Telangana will continue to accelerate in coming times.”

IFCCI, which has about 650 members, will create its liaisoning office in Hyderabad within next one year, which will help further deepen ties with Telangana.

Payal S Kanwar, director general, IFCCI said, “Telangana is a key State for French investment in India and can already see the strong and successful establishment of companies like Safran, Sanofi, Mane, Monin, Capgemini, among many others. Events like these serve as the right platforms for seamless collaboration between France with the State governments of India on various levels.”

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