India and France have deepened economic ties, with bilateral trade reaching ₹1.75 lakh crore (US$ 20 billion), marking a significant rise from ₹1.31 lakh crore - ₹1.58 lakh crore (US$ 15-18 billion). The defense and aerospace sectors continue to dominate trade relations, strengthening India’s strategic partnerships with France.

According to Mr. Coumar Ananda, President of the Chambers of Commerce and Industry France-India, the number of Indian companies operating in France remains below 100, despite over a thousand French firms having a strong presence in India. France has extended an open invitation to Indian businesses, emphasizing opportunities not just in Paris but across the country.

Prime Minister Narendra Modi’s Visit: Strengthening AI & Economic Ties

Ahead of Prime Minister Narendra Modi’s visit to France from February 10 to February 12, 2025, discussions will focus on economic cooperation, defense collaborations, and AI governance. One of the key highlights of the visit is India co-chairing the Artificial Intelligence (AI) Action Summit in Paris, a global platform addressing critical AI-related challenges.

The summit will cover five key themes:

• Global governance on AI to establish international AI policies.
• AI for public interest and its role in education, healthcare, and sustainability.
• AI’s impact on culture and the creative industry, including media and entertainment.
• Workforce development and human resources, addressing AI-driven job transformations.
• Security concerns, including cybersecurity and AI-related threats.

AI has become a critical geopolitical topic, and both India and France aim to lead discussions on responsible AI development. Indian Foreign Secretary Mr. Vikram Misri emphasized the need for AI applications to be safe, humane, responsible, and trustworthy, aligning with India’s ethical AI vision.

India-France Business Relations: Expanding Opportunities

France has remained a key European partner for India, especially in sectors like:

• Defense & Aerospace – Ongoing deals for fighter jets, submarines, and military technology.
• Infrastructure & Energy – Collaborations in renewable energy and smart city development.
• Technology & AI – France sees India as a crucial partner in AI governance and innovation.

Mr. Ananda stressed that Indian companies have massive untapped potential in the French market, with the French government actively encouraging Indian investments. The upcoming India-France CEOs Forum will further boost corporate partnerships and new trade opportunities.

Conclusion: A New Chapter in India-France Relations

With bilateral trade hitting new highs, AI collaborations taking center stage, and Indian businesses gaining access to the French market, India-France ties are set for further growth. Prime Minister Modi’s visit will solidify economic, strategic, and technological cooperation, ensuring a strong foundation for future collaborations.

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