Companies news
Indian Investments In France Were Buoyant In 2017
There are over 150 Indian companies operating in France, where they employ around 7,000 people. Nineteen investments from India were recorded in 2017, creating or maintaining 284 jobs. Indian projects often involved decision making centers (42% of projects), including a Global/European headquarters, and production/manufacturing operations (32%). Investments were mainly made in the software and IT services sector (26% of projects and 52% of jobs generated), and chemicals/ plastics industry (21% of projects; 23% of jobs), while location-wise, Indian companies invested primarily in Ile de France (Paris region) (26% of projects), Nouvelle Aquitaine (16%), Bourgogne-Franche-Comté (16%) and Hauts de France (16%).
Infosys Technology: The Indian IT giant announced plans to move its business forward in France via a strategic partnership with CMA-CGM, the world’s third leading maritime transport company. Infosys will open a center for development and innovation in Marseille (Provence-Alpes-Côte d’Azur region), leading to 80 jobs and setting the standard for Marseille as a hub of expertise. There are also plans to open a training center at some point.
United Phosphorus: Dutch company Cerexagri is a subsidiary of India’s United Phosphorus Ltd., and specializes in crop protection products. In 2017, it decided to invest €15 million in a second production facility in Mourenx, in Nouvelle Aquitaine (south-west France), creating around a dozen jobs. The company is also present in Bassens, in the same region, and in Marseille, in Provence-Alpes-Côte d’Azur.
Zify Tech Solutions: This innovative Indian startup announced plans to set up in Paris, creating 10 jobs. Zify’s flagship product is a dynamic, artificial intelligence-based mobile application for short- and medium- distance urban travel. It aims to help people save on travel costs, thereby reducing congestion and making cities more sustainable.
