Event report  •  VIP event

Invest in Maharashtra

IFCCI organized a flagship event 'Invest in Maharshatra' on 5th April 2023 at the Taj Mahal Palace in Mumbai in the presence of Shri Devendra Fadnavis

The Indo-French Chamber of Commerce & Industry (IFCCI) organized an Investment Conclave in Maharashtra on 5th April 2023 at the Taj Mahal Palace in Mumbai in the presence of Shri. Devendra Fadnavis, Deputy Chief Minister of Maharashtra, & Mr. Jean-Marc Sere-Charlet – Honorable Consul General of France in Mumbai. The event was organised in association with Maharashtra Industrial Development Corporation (MIDC). The announced investments will add to the economy of the Sate and create 5000+ job opportunities in the coming years.  

Addressing the gathering Shri. Devendra Fadnavis, Deputy Chief Minister of Maharashtra said “A very special day for Maharashtra & France relationship! As Indian and French companies sign various MoUs, LOIs for expanding businesses in Maharashtra, I am confident that this friendship goes to next level. I am thankful to all the eminent entrepreneurs and dignitaries for making this happen. These investments commitments of Rs. 5700cr in Maharashtra will create 5300 direct jobs!”

At the Invest in Maharashtra event, Dr. Vipin Sharma (IAS), Chief Executive Officer, MIDC, gave a presentation to the French companies and discussed the advantages that make Maharashtra the top investment destination in the country. He said, “MIDC has been developing and providing world-class infrastructure for industrial development in Maharashtra. We are constantly upgrading our services to keep pace with our global counterparts and have established initiatives such as country desks and investor-first program to handhold investors and enhance FDI in the state”.

The conclave embarked the day with B2G meetings with 14 French companies with higher authorities of the Govt. of Maharashtra to discuss investment opportunities in details. IFCCI was delighted to welcome over 250 CXOs consisting of authorities, Senior Diplomats, Industrialists, and leadership of French and Indian companies, Business France, along with a delegation of French foreign trade advisors heading French companies & subsidiaries in India.  The participating companies were existing and potential French investors into Maharashtra with an aim to understand and strengthen investment opportunities in the State.

Maharashtra is one of the largest contributors to the Indian economy and a favourite destination for the biggest French companies operating in India for investments and operations, a larger number of French companies are already present in the State since many decades and have investment plans in the future.

The event also witnessed two panel discussions on the topics of

  • Sustainable Manufacturing and Supply Chain in Maharashtra &
  • Channelling investments to fuel and green and smart Maharashtra.

An overview was presented by Mr. Eric Fajole, Trade Commissioner & Head of Business France India, Sri Lanka, Bangladesh (Delhi), Embassy of France on the topic of ‘The VIE Programme: an HR turnkey solution for your company’s development in India’

Addressing the gathering at the Conclave, Mr Sumeet Anand, President, IFCCI & Founder and CEO, IndSight Growth Partners said, “French companies are key to supporting India’s and Maharashtra's growth with both technology and capital for more employment. These companies are global leaders in many industries and many of those are now investing in India. Today we have 14 French companies who are signing MOUs/LOIs to commit their interest to invest in the state of Maharashtra specifically. These Investment Conclaves which are organized by our chamber, serve as a vital platform for faster and more efficient collaborations with the State Governments of India on various levels”.

The following companies signed the MOUs & LOIs in the presence of the minister


  • Araymond (2 MoU’s)
  • Plastic Omnimum
  • Royal Canin Idia Pvt Ltd.
  • Sunfresh Agro Industries Pvt Ltd.


  • Havaas
  • Technique Solaire
  • Ermo Molds India Pvt. Ltd

Ms. Shweta Pahuja, Regional Director, IFCCI shared the closing remarks by thanking the state partner and all event sponsors who contributed to the success of this event.

This was followed by a networking cocktail and dinner. The event was well received by all!

State Partner: MIDC 
Platinum Sponsor: CMA CGM
Gold Sponsors: Axis BankBNP ParibasCapgemini
Experience Partner: Jacobs Creek

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