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Lenain stated the Indo-Pacific is a precedence for France and that India is central to France’s efforts within the area.
“Geography does not lie: France is itself a nation of the Indo-Pacific with a number of territories, 2 million residents and seven,000 troops… India is central to the French and European technique within the Indo-Pacific. In a world of rising instability, international locations can select both to manage the technique of their sovereignty and autonomy, or to surrender the accountability for their very own safety to another person,” Lenain advised ET days after Australia, UK and the US determined to agency up a army alliance to counter-balance China, and Canberra abruptly determined to go for US nuclear-powered submarines, cancelling its submarine contract with France.
“The pursuits of France and of Europe are straight affected by the problems at stake within the Indo-Pacific, together with the impression of China’s rise on the strategic state of affairs. There is no such thing as a naivete in Paris or within the EU about this,” Lenain stated. “We now have pursuits, values and ideas to defend within the area. However we don’t assume that the response to this problem is thru a reductionist method of army blocs. Somewhat, we purpose to supply the area another mannequin, a optimistic agenda.”
However it’s not simply the strategic partnership that’s bringing the 2 international locations nearer, as either side want to increase the financial agenda in a giant method.
Lenain was in Mumbai this week to satisfy high Indian traders to pitch France as a gateway to the European market. “There’s a rising notion that France is India’s gateway to the European market. The impression of Brexit can be very clear on this respect. Many worldwide corporations are selecting France to relocate from the UK to higher attain the EU market but additionally the African market. We anticipate extra Indian teams to observe go well with.”
Lenain stated Indian traders are trying in direction of France now and Paris will help them intently to make sure a mushy touchdown. “That is what I mentioned in my conferences in Mumbai with CEOs of main Indian teams akin to Tata Sons, Kotak Mahindra Financial institution, JSW and extra,” he defined.
Referring to the French investments in India, he stated there are greater than 600 French corporations using greater than 400,000 workers in India. “I’ve simply attended the annual common assembly of the Indo-French Chamber of Commerce and Trade in Mumbai – on September 30, really – and might share that the Indo-French enterprise group has by no means been so dynamic. Regardless of the pandemic, French investments in India haven’t slowed down, fairly the opposite,” the French Ambassador stated.
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