Francois Hollande: Remove investment hurdles, willing to pump in $1 bn

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PTI: Mumbai, Feb 15 2013, 22:10 IST
assets here is USD 17 billion and we wish to increase this investment flow by USD 1 billion. We are ready for it," he said. Hollande said French companies are particularly interested in sectors like urban development, railways, space science, energy and nuclear energy given their expertise.

Claiming that the the Eurozone crisis is over, Hollande said recession is a major challenge he faces domestically and also invited Indian investments.

"We need help of everybody, especially the big emerging economies like India," he said.

Speaking about the need to increase bilateral trade, he said even though there is potential to ramp it up to USD 12 billion per year, it is only USD 8 billion now.

On the proposed Indo-EU Free Trade Agreement he said all efforts should be made to increase trade.

The FTA negotiations are likely to be completed by April.

The French President said when it comes to cooperation, there is a need for the engagement to move beyond the traditional defence and nuclear energy, and offered to facilitate measures in the cultural and scientific spheres also.

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