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♤ A Joint Economic Committee exists at the level of Ministers of Commerce and Foreign Trade from both sides.
♤ Seven bilateral joint working groups in various fields exist which are: (i) IT & Telecommunications;(ii) Roads; (iii) Sustainable Urban Development; (iv) Agriculture and Food Processing; (v) Mineral Exploration and Development; (vi) Energy; and (vii) Post.
♤ An India-France CEOs’ Forum exists at the level of top CEOs from both sides meeting annually and presenting their reports to the Prime Minister of India and President of France.
♤ The Bilateral Investment and Protection Agreement between India and France expired in 2010, ten years after coming into force. GoI would like to replace it with a Bilateral Investment Treaty. A model text of the agreement was proposed by the Indian side in 2015. French response has been pending.
♤ Almost all the major French companies are present in India including Renault, Saint Gobain, Veolia, Michelin, Capgemini, Sanofi, EDF, Airbus, Lactalis, Sodexho, Total and others. Alstom has won a major project worth Euro 3.2 billion of manufacturing 800 locomotives in Madhepura, Bihar.
♤ India’s Reliance, Tata, Mahindra and other big companies have tied up joint cooperation with major French companies like Dassault, SAFRAN, Thales and others in the defence sector. French infrastructure companies are looking forward to major opportunities in Indian projects including in smart cities and renewable energy.