French firms to invest US$10b in India: Sapin

French companies will invest US$10 billion in India over the next five years, Finance Minister Michel Sapin said on Monday during a visit by President Francois Hollande to India. 

PHOTO: AFP

JAN 25, 20163:02 PM

[NEW DELHI French companies will invest US$10 billion in India over the next five years, Finance Minister Michel Sapin said on Monday during a visit by President Francois Hollande to India.

Hollande, invited as guest of honour for India's Republic Day celebrations, hopes to seal an intergovernmental deal that would pave the way for the multi-billion-dollar sale of 36 Rafale combat jets.

REUTERS