French and Indian public limited companies signed contracts worth 13 billion euros (£16 billion) on the foremost day of President Emmanuel Macron’s visit to India on Saturday, the French presidency divulged in a statement.
The deals include a contract for France’s Safran to supply airline Stimulant Jet with engines, water system modernization by Suez (SEVI.PA) in the southern borough of Davangere and a contract between industrial gas company Air Liquide and Sterlite.
Macron’s commission did not provide a breakdown of the contracts’ values or details about the deals. It some 200 million euros of investments thinks fitting be made in India.
A so-called “Industrial Way Forward Agreement” was signed between French utility EDF and India’s NPCIL for the construction of six atomic reactors at Jaitapur. Negotiations over the construction of next-generation nuclear reactors in India be experiencing been dragging on for years.
It was not immediately clear whether these were outfit contracts or letters of intent.