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Invest India and Business France Sign Mou to Promote Investment
Why in the news ?
- In order to promote investment facilitation and cooperation between startups of India and France, Invest India and Business France have signed an MoU.
- The goal will be to facilitate direct foreign investment by providing practical investment information to enterprises and support the companies pursuing those opportunities which contribute positively to economic growth of the two countries.
More on news
- Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities.
- Both will exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sector.
- Creating a dedicated support structure to facilitate inbound companies and startups is the ultimate purpose.
- The partnership will strengthen the existing business relations between India and France and provide a seamless facilitation channel for new businesses and innovations from India and France to grow in the French and Indian markets.
Invest India
- Invest India is the official Investment Promotion and Facilitation Agency of the Government of India, mandated to facilitate investments in the country.
- It is the first stop for potential global investors in the country.
- India is one of the fastest growing economies in the world which has not only sustained global downturn of 2008-09 but is also slated to grow at consistently higher rates during next few decades.
Source
PIB