India-France sign 16 agreements at Chandigarh Summit

INVEShollodiPresident Francois Hollande and PM Narendra Modi addressed CEOs of French and Indian firms at a business summit in Chandigarh, where Modi said the two countries had major potential to work together in various fields. He said India also had a lot to offer in terms of a skilled workforce, and as a market for French products.

As a consequence of the Summit some 16 agreements were signed including between the French Development Agency and the Maharashtra government, on technical cooperation in the field of sustainable urban development of a smart city in Nagpur.

Other MoUs constituted technical cooperation in Chandigarh, and in Puducherry for the development of smart cities in both areas as well.

A Wind Power Development agreement was effected and a long list of developments were agreed, involving some companies including Green Ventures in solar photovoltaic projects in rural areas.

Agreements were also signed to create partnerships for solar systems and strategic partnerships for Indian airports and helicopters within the Make in India initiative.