Indo-French bilateral trade has been growing, though it has yet to reach the €12 billion target set by both governments during the visit of the French President to India in January 2008. In 2011, bilateral trade increased by 6% to €7.46 billion. In the first ten months of 2012, there was a decrease of 3.71% in the overall bilateral trade, compared to the same period in 2011. Based on the annual data, Indian exports of services to France showed a growth within three years, reaching €1.32 billion in 2011, while the imports from France fell to €0.66 billion in the same year.
Foreign direct investment (FDI) France is the 9th largest foreign investor in India, with a cumulative investment of approximately US$3 billion. From April 2000 to June 2012, the investment amounted to US$2.98 billion, representing 2% of total inflows. There have been 952 approved technical and financial collaborations with France. The top sectors attracting FDI inflows from France include Chemicals (other than fertilisers) (18.80%), Cement and Gypsum Products (15.82%), Services Sector (financial & non-financial) (9.41%), Fuels (power & oil refinery) (6.47%), Electrical Equipments (including computer software & electronics) (5.34%), and the auto sector. There are about 800 French companies in India, including subsidiaries, joint ventures, representative offices or branch offices, with approximately 150,000 employees. In 2011, India was the 13th largest foreign investor in France in terms of project numbers. Indian investments in France have been growing, and Indian companies have invested around €1 billion from April 1996. These investments span different sectors such as pharmaceuticals (Ranbaxy and Wockhardt), Software (Tata Consultancy Services,
Infosys &
Wipro), Wine (Kingfisher), Steel (Tata, Electrosteel), Plastics (
Sintex Plastics Technology Limited), Railway wagons (Titagarh Wagons), Aerospace (Cades/Axis), and Autoparts (Jyoti) among others. 110 Indian-owned companies, including 27 greenfield investments, are present in France, and employ over 5,600 individuals. The Indo-French CEOs Forum, formed in 2009, was tasked to identify new avenues for cooperation and take initiatives to facilitate business links between both countries. The 16th session of the Joint Committee for Economic and Technical Cooperation, held on 23–25 June 2010 in Paris at the ministerial level, addressed issues related to commerce and trade. The fifth meeting of India France CEOs’ Forum took place in New Delhi on 22–23 November 2012.
Aerospace Aviation Indian companies are major clients for
Airbus and
ATR aircraft.
Air India,
IndiGo and
AirAsia India operate extensive fleets of Airbus passenger aircraft. France has been a long-standing and reliable supplier of fighter planes and light utility helicopters to the Indian armed services. Aircraft such as
Breguet Alizé,
Dassault Ouragan,
Dassault Mystère IV,
Sepecat Jaguar,
Aerospatiale SA 315B Lama,
Aérospatiale Alouette III and
Dassault Mirage 2000 are among those supplied by France. France also supplies
Turbomeca TM 333 and jointly developed the
HAL/Turbomeca Shakti helicopter engines for
HAL Dhruv. The
DRDO 3D Multi-Function Control Radar (MFCR) was developed as part of the Indian anti-ballistic missile programme in collaboration with
THALES of France.
DCNS is building six Scorpène submarines of the
Kalvari class, which will be armed with SM.39
Exocet anti-ship missiles, under a technology transfer agreement at Mazagon Docks in Mumbai. The purchase of Mirage 2000 jets by India in the 1980s marked a key milestone in bilateral defence ties. The deal reflected India's long-term strategy to diversify its fighter fleet and enhance precision strike capabilities. The acquisition predated regional arms responses and was based on doctrinal and technical factors. acquired 36
Dassault Rafale medium multi-role combat aircraft
Dassault Rafale won the
Indian MMRCA competition to supply 126 medium multi-role combat aircraft to the
Indian Air Force. In April 2015, the inabilities to conclude negotiations on contractual obligations led the Modi government to transform the acquisition into a
intergovernmental agreement of procurement for 36 aircraft in flyaway condition, intended to equip three squadrons of the
Indian Air Force. Defense analysts raised concerns that equipment procurement requirements which were defined two decades ago are out of sync with current requirements and the future nature of air-combat. Air forces of advanced Western nations, especially the US and France, are restructuring their air forces by increasing space-based assets and reducing fleets of manned combat aircraft. Autonomous
drones have become the preferred platform for high-risk missions over enemy territory in both high and low intensity conflict zones. NATO uses aerial reconnaissance drones to monitor the borders of Europe, and the US uses maritime surveillance drones in the Western Pacific and unmanned combat drones in missions against low-value and unsophisticated targets in Iraq, Afghanistan, Libya and Syria. Defense white-papers published in
OECD countries show that the use of combat and reconnaissance pilotless vehicles, like the flight-tested
Dassault nEUROn and
Northrop Grumman X-47B UAVs or the
Boeing X-37 robotic spacecraft will become widespread in the years ahead. The world’s largest Maintenance, Repair and Overhaul (MRO) facility for
Safran SA’s
CFM LEAP aircraft engines was built and inaugurated in Hyderabad, India.
Space Since 1993,
ISRO and
CNES (French National Space Agency) have operated under an umbrella agreement, facilitating successful joint missions like Megha-Tropiques and
SARAL. ISRO has also launched French
SPOT satellites (Spot-6 & SPOT-7) on PSLV satellite launch vehicles. Through a commercial Launch Service Agreement between Antrix Corporation Limited (the commercial arm of ISRO) and ASTRIUM SAS (a Company under EADS, France), two advanced Remote Sensing
SPOT satellites were successfully launched in 2013 and 2014 aboard
ISRO's Polar Satellite Launch Vehicle. Arianespace, based at France, has been a major provider of launch services for Indian Geo-Stationary satellites. Subsequent to the launch of APPLE satellite, 18 Indian satellites were launched by Arianespace. On 7 October 2016,
GSAT-18 communication satellite was launched successfully aboard an
Ariane 5 VA-231 launcher from
Kourou, French Guiana.
Civil nuclear energy A landmark Framework Agreement on Civil Nuclear Cooperation was signed between
India and
France on 30 September 2008 during the visit of Prime Minister Dr Manmohan Singh to France. Subsequently, during the visit of President
Nicolas Sarkozy to
India from 4–7 December 2010, the General Framework Agreement and the Early Works Agreement between
NPCIL and
Areva for implementation of EPR NPP Units at
Jaitapur Nuclear Power Project were signed.
Education involving
University of Technology of Compiègne deployed to the 2015
Libre Software Meeting in
Beauvais, France. Indians spend approximately 7.5% of household income on education.
Campus France India, a student recruitment initiative of the French embassy in India, showcases France as an education destination for Indian students. From 1 to 7 October 2015, representatives from French universities and visa officers visited Bangalore, Chennai, Pune and Kochi for course opportunities and visa guidance road-show. The French government offers 5-year visas to encourage more Indian students to study in France and allows students who have completed their studies in France an extra year to look for employment within their sector. In 2014, France hosted 3,000 Indian students, many of whom were provided full-scholarships, covering the costs of education, boarding, lodging, and air-travel. The low costs of high-quality education has made France the third most preferred destination globally for international students. ==Education, science, and technology==