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CII team meets President Sarkozy in Paris

CHENNAI: An 11-member business team from CII led by Sunil Bharti Mittal, president CII, met French President Nicolas Sarkozy on Tuesday at the Elysee Palace in Paris.

President Sarkozy referred to India as the “Future of the World” and said, as a great nation of the 21st century, it will have duties and responsibilities to render to world society, according to a CII press release.

The business delegation discussed issues of investment in France, work permits and acknowledged good understanding in politics and strategic thinking but said that trade and investment between France and India needed improvement. They highlighted the opportunities in infrastructure, defence equipment, and healthcare. They discussed reduction of drug prices by support to the generic drug industry.

The team also discussed the opportunities in the auto industry in India and the need for France to make an iconic investment in India.

The business delegation acknowledged that a new chapter in Indo-French relations was expected with President Sarkozy at the helm. There were discussions on building synergies between SMEs. In echoing his view of the changing global economic and political order, President Sarkozy was emphatic about India’s role and responsibilities at the high table of global leadership.

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