On , The Indo-French Chamber of Commerce and Industry (IFCCI) and the French Embassy led a large French business delegation to meet with Invest India and the Department of Industrial Policy and Promotion (DIPP) to discuss best practices for ease of doing business in India in Invest India's office in New Delhi. This meeting comes a day after the announcement of India’s jump to the 100th rank in the Ease of Doing Business index.
This meeting was attended by 25 French company representatives from across sectors such as defence and aerospace, renewable energy, food processing, retail, consumer goods, healthcare, etc. This closed door session with Mr Atul Chaturvedi, Additional Secretary, DIPP and Mr Deepak Bagla, CEO, Invest India aimed at looking deeper into issues and challenges faced by French companies.
IFCCI along with Trilegal released a White Paper based on a survey conducted among French companies in India on the Ease of Doing Business. The White Paper notes that the top three recommendations from respondents of French businesses on setting up of a business in India included the need for wider adoption of single window clearance formats, time bound grant of approvals and a timely follow through of tax and infrastructure incentives provided to the private sector.
This meeting comes at a time where the Indian Government is keen to enter the top 50 in the World Bank ranking and is ready to initiate several reforms to achieve this target. France is currently one of the top investors in India with more than 400 established companies in India.
The roundtable meeting was attended by Mr. Jean Marc Fenet, Minister Counsellor and Head of the Economic Department, Embassy of France in India, Ms. Payal Kanwar, Secretary General, Indo French Chamber of Commerce and Industry (IFCCI) and Trilegal team led by Partner Yogesh Singh along with French business representatives.