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France India

Strong ties between India-France 

The cultural exchange of art, music and shared interest in tourism between India-France have further extended to bilateral relations and strong economic partnership over time. Starting from defense and space collaboration to International Solar Alliance for sustainable growth and development, both the countries have come a long way to mutually connect for greater growth and betterment of the Indo-Pacific region. On the economic front, France is already the 11th largest investor in India for the past two decades with a bulky cumulative investment of USD 10.49 billion. The Indian embassy in Paris also held a meeting to launch a FAST-TRACK system for the ease of doing business and other trade activities between the two countries. Multiple French MNCs like L’Oreal, Sodexo, Capgemini, Schneider Electric among many others have established their presence and gained a strong foothold in the Indian business market. Reportedly 39 out of the 40 CAC 40 (French stock market index) companies have their presence in India. Additionally there are 50-70 SMEs in the mechanical and pharma-chemical sectors operating in India. The mammoth chart of examples defining India-France collaboration in the spectrum of trade and business inspires many new age French entrepreneurs to find future in Indian business market.

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French industries and their growing fondness for Indian workforce  

Automobiles

Automotive

French automobile industry has a strong presence in India with big giants capturing the Indian market and flourishing in it. Companies like Renault and Groupe PSA (Peugeot Citroen) have their manufacturing plants in Tamil Nadu, India with some of their most premium models being launched in the Indian market. This is producing employment for Indian youth on a large scale.

Information technology

Information Technology

IT giants like Capgemini and Atos are popular for their mass recruitment, employing candidates from all the accredited colleges across India. They recruit skilled Indian youth for their diverse range of services like cybersecurity, cloud computing, and digital transformation among others.

Infrastructure

Infrastructure

Multiple French companies like Alstom and Vinci came as a boon to Indian infrastructure industry as these companies are are helping in various developmental projects like railway electrification, metro systems, airports, highways etc. and employing thousands of fresh graduates and experienced professionals across India.

Energy

Renewable Energy

French businesses are taking up multiple oil, gas and renewable energy like wind and solar power related projects and carrying out the major activities in India. Companies like Engie and Électricité de France (EDF) are hiring numerous talented candidates from India to turbo charge the speed of their projects.

Luxury goods

luxury goods

Premium brands like Louis Vuitton, Dior, L’Oreal among others hold a position of status and style for the Indian mass and working for these brands stands as a dream job for many lifestyle enthusiasts in the country.

Why are French businesses massively expanding in India? 

Multiple examples and statistics over time have proven that France has preferred India for business expansion since historic times. The demand graph for India in French business market is growing consistently since then. France is establishing it’s businesses in India with new shape and trends because of the following reasons.

  1. Strategic Location: The Indian subcontinent is an all time favorite trade destination for many countries. The numerous docks, ease of commute, and the tropical climate becomes the prime attraction for business owners to establish here.
  2. Market potential: As a growing economy, India has an enormous market for various industry sectors and businesses. Additionally the rising middle class of Indian demographics gives the country potential to experiment and accept new ideas and trends which can be a huge advantage for foreign businesses to expand and explore in Indian markets.
  3. Ease of doing business: Numerous government initiatives like “Digital India” and “Make in India” have made a smoother way for French businesses to enter and operate in India.
  4. Skilled workforce: India boasts about being one of the leading countries to hold the highest numbers of graduates and post graduates from some of the most prestigious colleges like IITs and IIMs. A French pharmaceutical company Sanofi, leveraged from this and hired research scholars for their Indian research centres who could help them in drug discovery for domestic and global markets.