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Indo-French Investment Conclave held in Hyderabad with an aim to strengthen French investment opportunities in Telangana
The conclave showcased the advantages of the state of Telangana to the Indo-French business community via B2B and B2G meetings.
Hyderabad: The Indo-French Chamber of Commerce & Industry (IFCCI) organised the 4th edition of the Indo-French Investment Conclave in Hyderabad with an aim to strengthen French investment opportunities in the state of Telangana. The conclave saw a large delegation of 100+ French company CEOs, CXOs and diplomats in Hyderabad on 8th October with an aim to strengthen investment opportunities in the state of Telangana.
With this flagship event, IFCCI showcased and promoted existing French investments in the state within its large network and position Telangana as one of the most sought-after investment destinations due to its strategic location, conducive business environment, state-of-the-art infrastructure, proactive governance, and favourable ecosystem.
The conclave showcased the advantages of the state of Telangana to the Indo-French business community via B2B and B2G meetings.
The Ambassador of France to India, Emmanuel Lenain, said:
“France and French companies are fully committed to increasing their presence in Telangana. Many French groups have already invested in Telangana, particularly in biotech, IT and aeronautics. These Indo-French business endeavors in key sectors in Telangana also help to strengthen the strategic partnership between our two countries. In this respect, I am proud that French companies demonstrated exceptional solidarity with Telangana during the second wave of Covid-19 by contributing to a French-made world-class oxygen generator plant to the Telangana Institute of Medical Sciences”.
KT Rama Rao, Minister for IT, E&C, MA& UD and Industries & Commerce Departments said, “Telangana is one of the fastest-growing states in the country. Since the formation of the State, the Telangana Government has been introducing innovative policies to attract global firms and investments”, he added.
Minister said that the Telangana government has been giving approvals for various investment proposals within fifteen days. He added that through the policy, the Telangana government has attracted crores of investment to the state and has created lakhs of employment opportunities in the region.
Minister also mentioned that if any company wants to invest in India and can mention what other states are offering, We will meet their offer or beat their offer, he said.
In February 2020, GMR Infrastructure Limited (GIL) had announced a strategic partnership with Groupe ADP for its Airports Business.
Groupe ADP’s acquisition of a 49% stake in GMR Airports set a robust industrial partnership. Antoine Crombez, Deputy CEO, GMR Airports Ltd. said “INR 6300 crores are getting invested by the Hyderabad airport to increase the Airport's capacity to 34 million passengers”. (Larger than Paris/Orly Airport).
Sumeet Anand, President, IFCCI said "Telangana has a very healthy investment climate, investor-friendly reforms, strong cluster competency in key sectors, innovation and digital acceleration along with increased urbanization and consumption levels. We believe employment opportunities will grow hand in hand with investment inflows and it is a win-win situation for all.
Source : TimesNow News
