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Tamil Nadu
France to double bilateral trade in 5 years
Special Correspondent
CHENNAI: France will take steps to double bilateral trade with India in the next five years, said Jerome Bonnafont, Ambassador of France in India, here on Friday.
Talking to newsmen, he said the present bilateral trade stands at 6 billion Euros and they would like to double it to 12 billion Euros within the next five years. Currently, India’s imports and exports to France stood at around 2 per cent. To achieve the target, France would focus on offering its expertise in aeronautics, consumer goods, food processing, and infrastructure among other sectors.
Earlier, addressing the breakfast session organised by the Confederation of Indian Industry (CII), he said France had a lot to offer and a lot to take from India. Infrastructure was still a problem in India and Chennai was congested. However, Tamil Nadu was rich in entrepreneurial skills, had quality manpower, high standard of living, economic dynamism was incredible and business expanding. Puducherry was a modern hub that combines modern economy with quality of life.
He hoped that the French model of nuclear energy and water privatisation could be successfully replicated in India. Public-private partnership was the key for water management. There was a huge potential for collaboration between Indian and French companies in the manufacture of equipment related to water management and distribution systems.
He said France had a pro-agriculture political will and considered it a priority area. France could also develop a robust food processing sector and improve its agriculture practices to involve less pesticide, less water and less fertiliser to produce more food grains.
When CII Tamil Nadu State Council past chairman B. Santhanam explained the recently released Vision 2025 for Tamil Nadu that included encouraging the emergence of a Nobel laureate, he wondered why renowned agricultural scientist M.S. Swaminathan had not been considered for the Nobel Prize. He had done a lot of good things in agriculture.
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