Manmohan holds closed door breakfast meeting with French CEOs
Prime Minister Manmohan Singh has just concluded his first engagement in Paris, a breakfast meeting with 30 key French captains of industry. Informed sources coming in and out of the closed door meeting said that the Prime Minister had made a strong pitch for boosting French investment in India, which he (the PM) said was an emerging global economic giant. The meeting was also attended by the French Minister of Foreign Trade, Christine Lagarde, who headed the discussion from the French side. From the Paris Chamber of Commerce and Industry Pierre Simon is leading the team and from the Ministry of Foreign Affairs, Ambassador Dominique Girard is participating. Ramesh Muklya, Advisor of the Confederation of Indian Industry is attending the meeting. The French are reportedly attaching a great deal of importance to the meeting, with the trade between the two countries having gone up by 80 per cent during the last decade and Indian exports to France growing by about 97 percent. The balance of trade is currently in India's favour since 1995, and for the year 2004-05, it was an estimated 384 million Euros.
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