Prime Minister Narendra Modi, while addressing the 14th India-France CEO Forum in Paris, invited global investors to invest in India, stating that the country is rapidly emerging as the biggest hub for diversification and de-risking. He emphasized that India’s stable policies and business-friendly environment make it an ideal destination for global businesses.

At the CEO Forum, PM Modi described the event as a confluence of the best business minds from India and France, highlighting the growing economic and strategic ties between the two nations.

Strengthening the India-France Strategic Partnership

During his address, PM Modi praised the growing India-France partnership, stating, “This is our sixth meeting in the last two years. Last year, President Macron was the Chief Guest at our Republic Day celebrations. This morning, we co-chaired an AI Action Summit together. I congratulate President Macron on this successful Summit.”

He emphasized that businesses from India and France are working with the mantra of “Innovate, Collaborate, and Integrate”, further strengthening bilateral economic ties.

India: A Rapidly Growing Economic Powerhouse

Highlighting India’s economic transformation, PM Modi stated that India has followed the path of Reform, Perform, and Transform, making it the world’s fifth-largest economy and soon to be the third-largest economy.

He stressed that India’s identity on the global stage is evolving, making it a preferred global investment destination. PM Modi noted that India has successfully built a stable and predictable policy ecosystem that supports business growth and foreign investments.

Key Investment Sectors: Semiconductor, Hydrogen, AI, and Nuclear Power

PM Modi outlined several key sectors that offer immense opportunities for global investors:

• Semiconductor & Quantum Mission: India has launched a Semiconductor and Quantum Mission, focusing on boosting domestic semiconductor manufacturing and advancing quantum technology.
• Make in India & Make for the World: India is actively promoting defense manufacturing, inviting global defense companies to invest and produce in India.
• Hydrogen Mission: India is advancing its Hydrogen Mission, focusing on clean energy and sustainable industrial growth.
• Nuclear Power Expansion: India aims to achieve 100 GW of nuclear power by 2047, with plans to open the civil nuclear sector for private sector participation.

PM Modi further emphasized India’s focus on Small Modular Reactors (SMR) and Advanced Modular Reactors (AMR), highlighting new opportunities for investors in the clean energy sector.

India-France Business Collaboration: A Promising Future

The India-France CEO Forum continues to play a crucial role in enhancing economic ties between the two nations. PM Modi reiterated that businesses should leverage India’s growing economy and strategic position as a global manufacturing hub.

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