Event report  •  Committees

IFCCI-Invest India Business Meet with Mr. Rajendra Ratnoo, Joint Secretary, DPIIT

IFCCI under the aegis of its CFO Committee, and with Invest India, organised a virtual Roundtable Meeting

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Indo-French Chamber of Commerce & Industry (IFCCI) under the aegis of its CFO Committee, and in association with Invest India, organised a virtual Roundtable Meeting with Mr. Rajendra Ratnoo, Joint Secretary, DPIIT, Govt. of India on 'Potential for India as an Investment destination for French companies', on Wednesday, 13th April 2022.  

The Meeting commenced with welcome remarks by Ms. Payal S. Kanwar, Director General, IFCCI and Opening Remarks by Mr. Ashish Saraf, VP (North), IFCCI and VP, Thales India wherein he thanked the Invest India team for their continuous support in strengthening the ties between the two companies. 

The Session was attended by CEOs, CFOs & Corporate Affairs Heads of 15 French companies who have made investments in India in various sectors - Consumer goods, Agribusiness, Energy, Defence, etc. They shared their experience of successfully investing in India and raised their issues and concerns which were addressed one on one in details by Mr. Rajendra Ratnoo and highlighted the potential for French companies for investing in India with India being one of the fastest growing economies of India.  

The session was concluded with closing remarks by Mr. Rajendra Ratnoo, Joint Secretary, DPIIT, Govt. of India 

Mr. Ratnoo enlightened us with India and France’s investment ties commenced since 17th Century, which continues to grow in its intensity and intent towards various sectors. Furthermore, a thanking note to IFCCI and Invest India in bringing forward such a platform that recognized the industries and insight on their challenges faced during investments. He assured the companies that India has evolved in terms of its framework and state reforms in ease of doing business. The ease is not just restricted to business but also benefits citizens regarding certifications, basic civic amenities, land records, municipal services etc. available at the doorsteps. He addressed that the FDA figures have crossed approximately 60 billion Dollars in just and year with France being the 5th largest FDA investors in the country. He emphasized building confidence in investors by solving their programs by going into granular level.  

In conclusion, he offered assistance and support to growing investors and entrepreneurs along with the Invest India team. With growing changes in reforms and structure of Indian policies he assures a varied growth in all domains. 

Ms. Varda Taneja, Sr Assistant Vice President, Invest India shared her observations on India being a preferable investment choice for foreign countries and highlighted Invest India's role in facilitating foreign companies looking to invest in India or have already investing in India. Furthermore, she also mentioned about the number of FDI Trends which has come from France to India which has led to an upward trajectory of inbound investments. 

The session was moderated by Ms. Rishika Roy, Head - Committees (IFCCI)  

IFCCI thanks the support of their Annual Patrons HSBC and Mazars for their support to the IFCCI CFO Committee 

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