Live
- Probe shifting of V’wada bulls into slaughterhouses : BRS
- Nikhil winner of Bigg Boss 8
- KTR targets CM over his comments about sending L&T CFO to jail
- Telangana Cabinet Meeting Scheduled for Today
- New pension, ration card approvals soon: Minister
- Muslim body reminds CM of unkept poll promises
- TPCC chief bristles at BRS for spreading canards about govt
- AAP releases final list; Kejriwal slams BJP for 'no CM face'
- Major macro data to steer mkt direction
- Charts indicate more volatility
French Businessmen Cite 'Problems in Pre-Modi Period', Push for Clear Rules
Highlights
Citing \"problems\" faced during the \"pre-Modi period\", French business leaders have pushed for clear, transparent and stable rules as they evinced interest in investing in India and decided to set up with Indian companies five task forces in specific areas.
Citing "problems" faced during the "pre-Modi period", French business leaders have pushed for clear, transparent and stable rules as they evinced interest in investing in India and decided to set up with Indian companies five task forces in specific areas.
The problems were highlighted yesterday during a meeting Indian and French CEOs had with Prime Minister Narendra Modi and President Francois Hollande in Paris.
The meeting saw French companies expressing keen interest in investing in India and participate in 'Make-in-India' programme.
"India has a problem the way business is done. But it all was pre-Modi period," said Paul Hermelin, the head of French side of the CEO forum.
He underlined that for investments, a company needs "clear, transparency of rules. It needs stable rules."
Heterogenity is another area posing difficulty for foreign investors, said Mr Hermelin, Chairman and CEO of Capgemini Group of France.
He said he was not wishing for any new reforms in India but only "10 emblematic programmes which could be implemented to demonstrate that projects can be completed."
Mr Hermelin said there needs to be a new relationship where "contracts are respected" and "carried in an excellent manner".
Dhruv Sawhney, Chairman of Triveni Engineering and Industries, who represented the Indian side in the CEO Forum, said there is "new excitement" among the French companies about the new government in India.
At the meeting, the CEO Forum decided to set up five task forces on specific issues like defence and aerospace, green energy and waste management. The task forces will be formalised in one and a half month and report will be prepared in a few months later, he said.
Next Story
ADVERTISEMENT
