French business leaders visiting India have reiterated their commitment to enhancing local investments, job creation, and production under the 'Make in India' initiative. This pledge reflects a deepening of ties between France and India, particularly in the aerospace industry, which is seen as a cornerstone of their collaborative relationship.

Commitment to 'Make in India'

During discussions, French Ambassador Mr. Thierry Mathou highlighted the profound integration of Indian firms into global supply chains. He noted that this integration has significantly strengthened industrial cooperation across various key sectors. The emphasis on 'Make in India' indicates a robust willingness among French businesses to invest in India's manufacturing landscape and support local production.

Ambassador Mathou pointed out the critical role that the aerospace industry plays in Indo-French relations, stating that France has been a strategic partner to India for over 25 years. He recalled the longstanding history of defence and aerospace collaborations that dates back to India's independence. Notably, he mentioned the early technology transfer for the Cheetah/Chetak helicopter in 1962, asserting that 'Make in India' has been a reality for the French defence industry for decades. This historical context underlines the importance of the aerospace sector in their ongoing partnership.

Economic Impact of Aerospace Collaborations

The aerospace sector has proven to be a significant contributor to the economic relationship between India and France. In the first half of 2024, over 55% of France's exports to India were in aerospace, generating an impressive US$ 2.95 billion. This economic activity not only enhances bilateral trade but also solidifies France's position as a key player in India's aerospace sector.

Major milestones include Indigo Airlines, which operates hundreds of Airbus planes and recently placed an order for 500 more aircraft in 2023. Additionally, the Indian Air Force has acquired 36 Rafale jets, further illustrating the strong defence ties between the two nations. These collaborations showcase the effectiveness of the Make in India initiative in attracting significant foreign investment and technological advancements.

French companies have created over 50,000 indirect jobs in India through partnerships with 227 suppliers. This job creation is crucial for the local economy and demonstrates the tangible benefits of international collaborations. Furthermore, annual investments by French companies in India exceed US$ 1.09 billion, highlighting their commitment to fostering a thriving business environment.

Future Collaborations and Innovations

Looking ahead, the future of Indo-French partnerships appears promising. French aerospace giants like Airbus and Thales are expanding their presence in India through the establishment of innovation hubs and training centres. These initiatives aim to nurture local talent and enhance the capabilities of the Indian aerospace industry.

One of the exciting prospects on the horizon is the development of an Indo-French aeronautics and space training campus. This collaboration aims to equip the workforce with the skills necessary to thrive in the ever-evolving aerospace sector. Additionally, both nations are exploring the establishment of an aeronautics cluster in partnership with India’s Ministry of Civil Aviation. This cluster would facilitate cooperation among various stakeholders, enhancing innovation and productivity within the aerospace domain.

Ambassador Mathou expressed optimism about this partnership, envisioning it as a model for future collaborations. With the India-France Year of Innovation set for 2026, there will be even more opportunities to strengthen ties between the two nations. This initiative will likely open doors for further technological exchange, research collaborations, and investment opportunities, positioning both countries at the forefront of aerospace advancements.

Conclusion

In conclusion, the reaffirmation of commitment by French business leaders to the 'Make in India' initiative signifies a pivotal moment in Indo-French relations. The emphasis on the aerospace sector not only showcases the potential for economic growth but also highlights the importance of job creation and technological advancement. As both nations work towards strengthening their ties, initiatives such as the development of a training campus and the establishment of innovation hubs will pave the way for a prosperous future.

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The strengthening of Indo-French relations in the aerospace sector demonstrates the power of international partnerships in driving economic growth, innovation, and enhanced employment opportunities in India.