Union Budget 2023-24
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India and France have solidified a fruitful relationship over a significant period.

Our shared heritage has led to a strong strategic partnership with an impetus to strong economic ties between India and the French Republic. The strategic partnership stands on the pillars of defence cooperation, space cooperation and civil nuclear cooperation. In addition, the two countries are successfully cooperating in the areas of smart cities, railways, tourism, food processing and renewable energy.

    • India and France have regular exchange of visits at the highest level. Prime Minister of India, Shri Narendra Modi, and French President, Mr. Emmanuel Macron, held extensive discussions on a range of bilateral and global issues in May 2022 during the former’s official visit to France following the French President’s re-election for a second term. The two leaders agreed on a blueprint to work together on making the India-France strategic partnership a force for global good.

      The Indian Prime Minister also visited France in August 2019 at the invitation of the French President for a Bilateral Summit in Paris and to participate in the G7 Summit in Biarritz. The French President’s visit to India in 2018 included signing of several agreements between the countries to deepen the partnership.

    • France and India work closely together on tackling climate change and furthering space exploration. On 15th April 2021, space agencies of both countries signed an agreement for cooperation for India’s first human space mission Gaganyaan. The agreement was announced during French Foreign Affairs Minister Jean-Yves Le Drian’s visit to the Indian Space Research Organisation’s (ISRO) headquarters. In 2019, both countries welcomed the decision for France to train medical support personnel for Indian astronauts, who will be part of the mission. Together, both countries have also launched a Space Climate Observatory that further enhances Indo-French cooperation on combating climate change.

    • India France held Strategic Dialogue 2021 - The Indian delegation was headed by National Security Advisor Ajit Doval while Emmanuel Bonne, diplomatic advisor to President Emmanuel Macron, led the French side. The two sides held discussions on a variety of issues including counter-terrorism, cybersecurity, defence cooperation, maritime security, regional and global issues and cooperation in the Indo-Pacific region.

    • Mr. François Delattre, Secretary-General, Ministry for Europe and Foreign Affairs of France, held bilateral talks with Foreign Secretary, Shri Harsh Vardhan Shringla, during the former’s official visit to India from 20-22nd December 2021. The visit comes on the heels of the Annual Defence Dialogue held on 17th December 2021 in New Delhi between Shri Rajnath Singh, Raksha Mantri and Ms. Florence Parly, French Minister for Armed Forces. The officials discussed the India-France potential for cooperation in sectors such as defence and security, space, cybersecurity and the digital economy, blue economy, education, energy, health and climate change.

    • COVID-19 Cooperation: India supplied France with nearly 2 mn hydroxychloroquine tablets and 36 MT of paracetamol (API) after having lifted export restrictions on these lifesaving drugs. France expressed its gratitude by sending 120 ventilators, 50 thousand serological tests, and 50 thousand nose/throat swabs as aid. France also announced a 200 million euro loan to India to help the vulnerable sections most severely affected by the pandemic. Over 2500 Indians had been repatriated from France and a similar number of French citizens were repatriated from India to their home countries through special flights.

    • National Security Advisor (NSA) Mr. Ajit Doval met with Mr. Emmanuel Bonne, Diplomatic Advisor to French President H.E. Emmanuel Macron, for the annual strategic dialogue between India and France on 6th November 2021. The topics discussed included:

      • Strengthening the bilateral defence and security partnership through enhanced intelligence sharing, operational cooperation, bolstering mutual capabilities, expanding bilateral exercises, and pursuing new initiatives in maritime, space and cyber domains
      • Committing to closer cooperation in the Indo-Pacific through more intelligence sharing and expansion of bilateral exercises in the maritime sphere
      • France’s commitment to support Hon’ble Prime Minister Shri Narendra Modi’s vision of ‘Atmanirbhar Bharat’, including defence industrialisation and joint research and technology development
    • Hon’ble Prime Minister of India, Shri Narendra Modi, held a bilateral meeting with the President of France, H.E. Mr. Emmanuel Macron, on the sidelines of the 16th G20 Summit in October 2021. Some of the topics discussed were:

      • Strengthening cooperation between India and France in various fields
      • The need to focus on climate finance in view of the COP26 Summit
      • EU’s Indo-Pacific Strategy, released in September 2021, which India welcomed and thanked France for its leadership role in facilitating the same
      • The important role of the India-France partnership in promoting stability and security in the Indo-Pacific, with a reaffirmation to cooperate in new and innovative ways to achieve a free, open and rules-based order in the region
    • French Minister for Europe and Foreign Affairs, H.E. Mr. Jean-Yves Le Drian, made an official visit to India in April 2021, where the following events took place:

      • Bilateral consultations were held with Mr. S Jaishankar, Minister of External Affairs, covering all aspects of the India-France Strategic Partnership, joint initiatives in the Indo-Pacific region, regional and international issues of mutual interest, and cooperation in the United Nations Security Council
      • He joined Mr. Prakash Javadekar, Minister of Environment, Forest and Climate Change, in a panel discussion on boosting global action against climate change
      • Mr. Le Drian highlighted India-France cooperation on health and biological sciences at the Bangalore Life Sciences Cluster; he visited ISRO’s Human Space Flight Centre and signed an agreement for cooperation in India’s first human space mission (Gaganyaan)
      • The two countries discussed launching a Space Security Dialogue to further space cooperation, which would be the first such dialogue to be established by France with an Asian country
      • Mr. Le Drian met with the French Tech Bangalore-India community to discuss cooperation in the field of technological innovation and startups
    • In June 2021, France announced its intention to make a direct contribution of EUR 1 Mn to the International Solar Alliance (ISA), further strengthening and upgrading its partnership with India

    • France is the 11th largest investor in India, with cumulative FDI inflows of $10.38 bn during April 2000 - September 2022. The sectors attracting the most FDI from France are cement and gypsum products, drugs and pharmaceuticals, industrial machinery, and automobiles.

    • Bilateral trade between the two countries has been growing steadily and reached $12.4 Bn for the period April 2021 - March 2022.

    • India is proud to host 25 French R&D centres in the country. France is India’s 8th largest scientific partner with around 3000 co-publications per year and annually devotes around $5 Mn to scientific and technological cooperation with India. In December 2021, the Indian Institute of Science (IISc.) announced the signing of an MoU to establish a 4-year partnership with 21 French institutions under the aegis of the Centre National de la Recherche Scientifique (CNRS), Government of France.

    • There are more than 1,000 French companies in India, that have a total turnover of $20 bn and employ 300,000 people. This is a testament to the strength of the Indo - French association.

    • France is partnering with India to develop Chandigarh, Puducherry and Nagpur as smart cities. It has already committed over $2.2 bn for India’s ‘Smart Cities’ project.

    • In 2019, France and India agreed to significantly enhance people-to-people contacts and cultural exchanges. The countries have agreed on regular dialogue on consular matters, which will facilitate exchange and mobility.

    • India and France organise reciprocal festivals that aim to promote the countries’ cultures. India organised the Namaste France Festival in 2016, which brought to French audiences various manifestations of Indian culture and art. The French side presented the French cultural festival, Bonjour India from November 2017 to February 2018 in India.

    • In 2019, 10,000 Indian students chose to pursue higher studies in France. In 2020 and 2021, France welcomed Indian students and provided special assistance to help them through the COVID-19 situation. Government of India offers French nationals 5 scholarships to study Sanskrit in India.

    • France hosts more than 700,000 Indian tourists every year, making it the most popular European destination for Indians. Over 74,243 tourists from France visited India in 2020.

Prominent Investments

France in India


ENGIE is a French multinational electric utility company with a business presence in 70 countries. It employs more than 150,000 people. ENGIE is one ...Read more


Groupe PSA is Europe’s 2nd largest vehicle manufacturer, employing over 200,000 people worldwide as of 2018. As a part of its ‘Push to Pass’ strategy ...Read more


Roquette is a global leader in plant-based ingredients and a pioneer of new vegetal proteins. It operates across 20 industrial sites, and has been ...Read more


Established in 1899, Groupe Renault is a French multinational automobile manufacturer that produces a wide range of cars and vans. In September 2008 ...Read more

Schneider Electric

Schneider Electric is the leading provider of electrical components and equipment. In India, the company operates through 28 factories, 48 sales ...Read more

India in France

Mahindra & Mahindra Ltd.

Mahindra & Mahindra is an Indian diversified conglomerate of companies, with revenue exceeding $ 17.9 bn and employing about 500 employees in ...Read more

Tata Group

Tata Group is an Indian multinational conglomerate holding, that has been present in Europe since 1907. It employs over 1,500 people in France. Tata ...Read more

Sintex Industries

Sintex Industries is the world’s largest producer of plastic water tanks, as well as Asia’s largest manufacturer of corduroy. They have a presence ...Read more

Motherson Sumi Systems

Motherson Sumi Systems is a leading automotive mirror and wiring harness manufacturer for passenger cars. It also supplies plastic components and ...Read more
  • Automobile


    • 4th 

      largest car manufacturer

    • 4th

      largest vehicle market

    • $118 bn

      Current value of Indian Automobile Industry

      • Largest two-wheeler and three-wheeler manufacturer
      • 2nd largest bus manufacturer 
      • 3rd largest heavy trucks manufacturer  
      • EV market is expected to grow at CAGR of 44% between 2020-2027 and is expected to hit 6.34 mn-unit annual sales by 2027.
    Visit Sector 3Investible Projects
  • Chemicals


    • 3rd

      largest consumer of polymers in the world

    • $300 bn

      Value of Indian chemical industry by 2025

    • 6th

      largest producer of chemicals in the world

      • 3rd largest consumer of polymers in the world
      • 4th largest producer of agrochemicals in the world
      • Supplies 16% of the global dyestuff and dye intermediates
      • India is set to emerge as fourth largest chemical producer in the world
    Visit Sector 28Investible Projects
  • Food Processing

    Food Processing

    • 2nd

      largest producer of food grains, fruits, and vegetables

    • #1 

      producer of Milk

    • $535 bn

      Expected value of Indian food and retail market by 2025-26

      • Largest producer, consumer, and exporter of spices and cashew nuts
      • Largest producer of pulses
      • 353 Cold Chain projects, 63 Agro-Processing Clusters, 292 Food Processing Units, and 6 Operation Green projects have been approved
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • 41 upcoming Mega Food Parks under Mega Food Park Scheme
    Visit Sector 76Investible Projects
  • Renewable Energy

    Renewable Energy

    • #1

      Largest renewable energy capacity expansion program in the world

    • 2nd

      highest installed wind capacity in Asia

    • 3rd

      Renewable Energy Country Attractive Index in 2021

      • 5th largest in renewable energy capacity globally
      • 5th largest for installed solar capacity
      • Largest renewable energy capacity expansion programme in the world
      • 100% FDI is allowed in all renewable sources of power
      • The world’s largest renewable energy park of 30 GW capacity solar-wind hybrid project is under installation in India
    Visit Sector 499Investible Projects
  • Tourism & Hospitality

    Tourism & Hospitality

    • 7th

      India ranks in terms of travel & tourism’s total contribution to GDP in 2020

    • 7th

      Rank on Medical Tourism Index

    • 3rd

      Largest foreign exchange earner for the country

      • $512 bn contributions to India's GDP by 2028 and 53 million jobs by 2029
      • The travel market in India is projected to reach US$ 125 billion by FY27
      • Ninth largest in cultural resources and business travel in the world
    Visit Sector 300Investible Projects
  • Pharmaceuticals


    • 3rd

      Largest market in terms of volume

    • #1

      Largest vaccine producer in the world

    • $ 41.7 bn

      Value of pharmaceutical industry in India

      • Exports 20% of global generic medicines, making it the largest provider globally
      • Expected to reach $65 bn by 2024, and 130 bn by 2030
      • Leader in global supply of DPT, BCG and Measles Vaccine
      • India has the highest number of US-FDA compliant Pharma plants outside of USA
    Visit Sector 7Investible Projects
  • Retail & E-commerce

    Retail & E-commerce

    • 2nd

      Rank in Global Retail Development Index (GRDI) in 2021

    • 3rd

      Largest consumer economy by 2025

    • 5th

      Largest preferred retail destination globally

      • Asia’s 3rd largest retail market and 4th largest globally
      • Indian retail market is projected to reach $2 tn by 2032.
      • 10% Contribution to India's GDP
      • The E-Commerce market is expected to touch $350 Bn in GMV by 2030
    Visit Sector 2Investible Projects
  • Aerospace & Defence

    Aerospace & Defence

    • 2nd

      Largest armed force in the world

    • 3rd

      Largest defence budget in the world

    • 6%

      Budget allocated to R&D

      • GOI aims to achieve a turnover of US $ 25 Bn including export of US $ 5 Bn in Aerospace and Defence goods and services by 2025.
      • Government has established 2 Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu.
    Visit Sector 5Investible Projects

Recent Investments

NTPC in pact with Electricite de France S.A

NTPC in pact with Electricite de France S.A. for cooperation in International Power sector

In a significant development for the global power sector, Électricité de France S.A. (EDF), one of the world’s leading power sector companies headquartered in Paris, France, and NTPC Ltd, India’s largest energy integrated company signed a Memorandum of Understanding (MoU) to explore potential power project development opportunities in the Middle East, Asia, Europe, and Africa. 

CCI approves Total Renewables’ stake buy in Adani Green Energy

CCI approves Total Renewables’ stake buy in Adani Green Energy

Total Renewables SAS, a wholly-owned subsidiary of international energy major Total SE has acquired share capital of Adani Green Energy Ltd (AGEL)

Alstom India manufactured coaches to be used in Sydney Metro

Alstom India, subsidiary of French Alstom SA, under the Make in India initiative has assembled 22 train coaches to be used in Sydney Metro Line.

Citroen to make India debut next year

French auto major Citroen is planning its debut in India next year by opening stores in 10 cities. These stores will be equipped with technologies allowing the users to experience the accessories before buying the car.

Saint Gobain announces investments at its Chennai Plant

The French glassmaker announced investment of over $ 168 mn in their plant in Chennai to build new manufacturing lines of third-glass float, magnetron floater, glass solutions and a rainwater harvesting facility.

France Team

The France Team at Invest India aims to facilitate and assist French companies in their India entry and expansion plans. Working closely with various stakeholders including states and regulatory authorities, we bring to you a seamless experience in kick-starting your business in India.

Key Functions:

  • End-to-end spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding French investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects and in industrial corridors in particular
  • Extending holistic support to the small and medium enterprises from France with India interest

Team Advantages

  • Opportunity assessment

  • Policy and incentive advisory

  • Location assessment

  • Market entry strategy

  • JV and strategic partner research

  • Approvals and compliance advisory

  • Issue redressal support

  • Expansion advisory

  • Policy impact analysis

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion