Invest India and Business France sign MoU to promote investment

Invest India and Business France have signed Memorandum of Understanding (MoU) to promote investment facilitation and cooperation between startups of India and France. The MoU will facilitate direct foreign investment by providing practical investment information to enterprises. It will also support companies pursuing those opportunities which contribute positively to economic growth of two countries.

Key Facts

Under this MoU, Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities. They will also exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in French and Indian private sector, creating dedicated support structure to facilitate inbound companies and startups. The partnership will strengthen existing business relations between India and France and provide seamless facilitation channel for new businesses and innovations from both countries to grow in each other’s markets.

Invest India

It is official Investment Promotion and Facilitation Agency of Central Government. It is mandated to facilitate investments in the country. It is first stop for potential global investors in country. It is non-profit venture under Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industries,

Business France

It is executive agency of French government under supervision of Minister for Economic Affairs and Finance and Minister of Foreign Affairs and International Development. It promotes international business development for French companies and professionals through worldwide network of 80 trade commissions, which have worked with over 7,500 SMEs. It mobilizes expertise of 1,400 persons in France and in 70 other countries.

Month: Current Affairs - July, 2018