Why should French businesses use India-France ties to expand?

Explore the growth potential and opportunities by leveraging India-France ties for French businesses' expansion.

With the establishment of regions like Puducherry, Chandernagore, Mahe, and Yanam, France increased its influence in India throughout the Colonial Era. These locations functioned as important hubs for trade and cultural fusion between France and India. India recognized France as an important partner in trade and diplomacy and established diplomatic ties with it after obtaining independence in 1947. The Indo-French Centre for the Promotion of Advanced Research (CEFIPRA) was established in 1987 as a result of the two nations’ nuclear energy cooperation in the latter half of the 20th century.
With agreements and collaborations, the two nations improved their relationship throughout time, especially in the areas of climate change, space exploration, defense, and counterterrorism. Key components of defense collaboration between India and France include technological development and shared military exercises.
This cooperation is demonstrated by India’s purchase of Scorpene submarines, helicopters, and Rafale fighter jets. The Rafale agreement, which India and France signed in 2016, was for 36 Rafale fighter jets from Dassault Aviation, valued at approximately €7.87 billion (nearly USD 9.37 billion). They also hold combined military drills like “Garuda” and “Shakti” to improve communication and strategic cooperation among their armed services.