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French president executes deals worth USD 16 bln to develop different sectors in India

On his first day visit to India, French president executes deals to develop water management system among other sectors in India


Reuters 10 Mar 2018, 10:19 AM France
  • French and Indian companies signed contracts worth USD 16 billion on the first day of President Emmanuel Macron's visit to India on Saturday. (Source: Twitter)

French and Indian companies signed contracts worth USD 16 billion on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement.

The deals cater to a variety of sectors including a contract for water system modernisation by Suez in the southern city of Davangere, France's Safran to supply airline SpiceJet with engines and a contract between industrial gas company Air Liquide and Sterlite.

Macron's office did not provide a breakdown of the contracts' values or details about the deals. It some 200 million euros of investments will be made in India. Indian economy is expected to be benefited from it.

S. No. MoU/Agreement Indian side French side Purpose
1. Agreement between India and France on the Prevention of Illicit Consumption and Reduction of Illicit Traffic in Narcotic Drugs, Psychotropic Substances and Chemical Precursors and Related Offences

 

Shri Rajnath Singh, Home Minister  Mr. Jean-Yves Le Drian,
Minister for Europe and Foreign Affairs

 

The Agreement shall facilitate the two countries in combating illicit traffic and consumption of drugs and will also impact on financing of terrorism.

 

2. India-France Migration and Mobility Partnership Agreement

 

Smt. Sushma Swaraj, External Affairs Minister  Mr. Jean-Yves Le Drian,
Minister for Europe and Foreign Affairs

 

 

This agreement will facilitate temporary circular migration based on mobility and the encouragement for a return of skills to the home country.

 

3. Agreement between India and France to facilitate Mutual Recognition of Academic Qualifications

 

Shri Prakash Javadekar, Minister of Human Resource Development  Mrs. Frederique Vidal,
Minister of Higher Education, Research and Innovation

 

The purpose of this Arrangement is to facilitate the mutual recognition of educational qualifications.

 

4. Memorandum of Understanding between Ministry of Railways and SNCF Motilities, France on technical cooperation in the field of Railways.

 

Shri Piyush Goyal, Minister for Railways  Mr. Jean-Yves Le Drian,
Minister for Europe and Foreign Affairs

 

The purpose of this MoU is to build upon and deepen the mutual cooperation and focus on priority areas of high speed and semi-high speed rail; station renovation modernisation of current operations and infrastructure; and suburban trains.

 

5. Letter of Intent between India and France for creation of a permanent Indo-French Railways Forum.

 

Shri Piyush Goyal, Minister for Railways  Mr. Jean-Yves Le Drian,
Minister for Europe and Foreign Affairs

 

 

The purpose of this Letter of Intent is to enhance the already existing cooperation by creating an Indo-French Permanent Railway Forum.

 

6. Agreement between India and France regarding the provision of reciprocal logistics support between their Armed Forces

 

Ms. Nirmala Sitharaman, Defence Minister

 

Mrs. Florence Parly, Minister for the Armed Forces

 

This Agreement shall facilitate the reciprocal provision of Logistic Support, Supplies and Services between the Armed Forces of the two countries during authorised port visits, joint exercises, joint training, humanitarian assistance and disaster relief efforts etc.

 

7. Memorandum of Understanding (MoU) between India and France on cooperation in the field of Environment

 

Dr. Mahesh Sharma
Minister of State for
Environment, Forest and Climate Change

 

Mrs. Brune Poirson,
Minister of State, attached to the Minister for the Ecological and Inclusive Transition

 

 

The MoU aims to establish a basis for exchange of information between the Governments and technical experts of the two countries in the field of environment and climate change.

 

8. Agreement between India and France on cooperation in the field of Sustainable Urban Development

 

Shri Hardeep Singh Puri, 
Minister of State (IC) of the Ministry of Housing and Urban Affairs

 

 

Mrs. Brune Poirson,
Minister of State, attached to the Minister for the Ecological and Inclusive Transition

 

The Agreement will allow exchange of information on smart city development, development of urban mass transportation systems, urban settlements and utilities etc

 

9. Agreement between India and France regarding the exchange and reciprocal protection of classified or protected information

 

Shri Ajit Doval, 
NSA

 

Mr. Philippe Etienne, Diplomatic Adviser to the French President

 

 

 

This Agreement defines the common security regulations applicable to any exchange of classified and protected information

 

10. Implementing Arrangement between Indian Space Research Organisation (ISRO) and Central National D’EtudesSpatiales (CNES) for pre-formulation studies of a Maritime Awareness Mission

 

Shri K. Sivan, Secretary, Department of Space & Chairman ISRO

 

Mr Jean-Yves Le Gall, President CNES

 

The Agreement would provide end-to-end solution for detection, identification and monitoring of vessels in the regions of interest for France and India.

 

11. Industrial Way Forward Agreement between Nuclear Power Corporation of India Ltd, and EDF, France

 

Shri Sekhar Basu, Secretary, Department of Atomic Energy

 

Mr. Jean Bernard Levy, CEO, EDF

 

This agreement prescribes a way forward for the implementation of the Jaitapur nuclear power project.

 

12. Bilateral Arrangement between India and France on cooperation in the matter of Hydrography and Maritime Cartography

 

Mr.Vinay Kwatra, 
Ambassador of India 
Mr. Alexander Ziegler, 
Ambassador of France

 

This Arrangement will encourage cooperation between the two countries in the field of hydrography, nautical documentation and maritime safety information.

 

13. Credit Facility Agreement between India and France of Euros 100 million for funding of the Smart City Projects through a Challenge Process

 

Mr.Vinay Kwatra, 
Ambassador of India

 

Mr. Alexander Ziegler, 
Ambassador of France

 

This agreement will help fill the funding gap under the Smart City Mission and the funds provided by the Central and State Governments for the purpose.
14. Memorandum of Understanding between National Institute of Solar Energy (NISE), Ministry of New & Renewable Energy and the National Solar Energy Institute (INES), France

 

Mr.Vinay Kwatra, 
Ambassador of India

 

Mr. Daniel Verwaerde,
Administrator,
The Commission for Atomic and Alternate Energy (CEA)

 

With this agreement both countries shall work on projects in ISA member countries in the areas of solar energy (solar photovoltaic, storage technologies, etc.) through transfer of technology and collaborative activities.

(Source: MEA)

A so-called "Industrial Way Forward Agreement" was signed between French utility EDF and India's NPCIL for the construction of six nuclear reactors at Jaitapur. Negotiations over the construction of next-generation nuclear reactors in India have been dragging on for years.

It was not immediately clear whether these were firm contracts or letters of intent. 

The PM of India, Narendra Modi, is hoping for a successful International Solar Alliance summit for the future of planet Earth. The summit will be co-hosted by India and France and is expected to be attended by the heads of 23 nations and 10 ministerial representatives of different countries on Sunday.

 

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