France signs deals worth $16 bln in India
French and Indian companies signed contracts worth 13 billion euros ($16 billion) on the first day of President Emmanuel Macron’s visit to India on Saturday (March 10), the French presidency said in a statement.
Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi – also committed to strengthening their partnership on defence and security.
Macron said the countries had decided to do more together to fight terrorism and put together a strategy to share intelligence.
Modi hailed France’s commitment to making defence and security equipment in India and contributing to Modi’s flagship “Make in India” plan to boost local manufacturing.