Commerce and Industry Minister Piyush Goyal on Tuesday suggested setting up working groups between businesses of India and France that could enable focused attention on emerging sectors and those with high potential to deepen engagement between the two sides.
Addressing businesses of both sides here the minister highlighted that one of the groups could be on expanding the frontiers of knowledge and engagement on the emerging area of Artificial Intelligence (AI).
“Tourism is an area we in India wish to look at promoting very actively. Manufacturing is something where we can help French businesses become more competitive, to capture world markets. And that could be a mission where France and India could work together,” Goyal said.
Both countries already have a lot of exchanges on banking and insurance and the working group could look at seeing how that could be taken to the next level, he said.
“We could look at global capability centers, and we have a fair bit coming in from all across the world to India, to leverage the huge pool of talent and skill there. So there could be five or six subjects which you pick up amongst the two business groupings. We, on our side, are committed to activating a fast track mechanism, which will be handled at both sides,” commerce minister said.
“At expanding our technology frontiers. I’m sure we can do well together, as we are working for greater talent mobility on both sides, the scope for businesses to engage and cultivate a smarter future,” he added.
The minister is in Paris to attend the ministerial meeting of the Organisation of Economic Co-operation and Development (OECD) and mini ministerial meeting of the World Trade Organisation (WTO). He is also holding bilateral meetings with several trade ministers during his stay.