Business

India-France Trade Grows to USD 20 Billion, Primarily Driven by Defence and Aerospace, Says Coumar Ananda

Published

1 year ago

February 10, 2025

Ahead of Prime Minister Narendra Modi’s trip to France for the AI summit, Coumar Ananda, President of the Chambers of Commerce and Industry France-India, noted that trade between India and France has reached just under USD 20 billion, a slight increase from the previous USD 15-18 billion range, primarily concentrated in the defense and aerospace sectors.
Ananda stated, “Trade between our two nations has remained below USD 20 billion, previously hovering between USD 15-18 billion, largely focused on defense and aeronautics, particularly aircraft and air force-related industries.”
He went on to highlight the potential for growth, saying, “There is a notable imbalance regarding the presence of Indian companies in France. Currently, fewer than 100 Indian firms operate here, which indicates substantial untapped potential. In contrast, French companies have established a significant presence in India, with over a thousand firms operating there, many having been in the country for more than a century. Indian companies are seeking numerous opportunities in France.”

“At this moment, France is extending a warm invitation to Indian investors, and we should seize this opportunity. This openness is not limited to specific industries; it spans the entire country, beyond just the Paris region. We see this as a pivotal moment for India in France. There is a willingness from France to engage, alongside strong interest from India to enhance collaboration,” Ananda told ANI.

Prime Minister Modi will co-chair the AI Summit with French President Emmanuel Macron and will address the India-France CEOs forum during his visit from February 10 to February 12.

Foreign Secretary Vikram Misri, during a press briefing on Friday, underscored the importance of Artificial Intelligence and reiterated India’s expectations that AI applications should be designed, developed, deployed, and utilized in a safe, humane, responsible, and trustworthy manner.

This marks Prime Minister Modi’s sixth official visit to France.

Related Topics:Narendra Modi Prime Minister

Up Next

SEBI Suggests Enhanced Regulations for Listed Companies to Fortify Corporate Governance

Don't Miss

BHEL Receives Letter of Intent for Renewable Energy Transmission Project in Rajasthan

Click to comment

Business

Opendoor Shuts Down India Operations, 250 Employees Affected

Published

1 week ago

June 11, 2026

Namma Kudla

Business: US-based real estate technology company Opendoor has decided to close its operations in India. The move will impact nearly 250 employees.

CEO Kaz Nejatian said the company is bringing operational roles closer to its customers in the United States. He explained that most of Opendoor’s customers are based in America.

The company said the decision is not related to the performance of its India team. Nejatian praised the employees for their hard work and contributions.

Affected workers will receive severance pay, job placement support, and other assistance. A small number of employees will stay temporarily to help with the transition.

Opendoor said it will continue focusing on simplifying operations and improving efficiency with new technology and AI.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

2 weeks ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

2 weeks ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

WATCH VIDEO:

The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.