France eyes solar power, urban development sectors in Jharkhand

In a bid to augment investment in India, leading European Union member France, is scouting for ideal locations in the eastern part of the country that lacks effective presence of the French companies, so far.

The country that has invested around $173 million in India, till the second quarter of the current financial year ending March 31, 2014, is keen to enhance its presence across sectors in the eastern and northeastern states.

“We are keen to invest in solar power generation, urban development and automobile sector,” said Fabrice Etienne, consul general of France, here on Monday.

Interacting with the Confederation of India Industry (CII), Jharkhand chapter, members at Center for Excellence, the consul general said Jharkhand holds enough potential for the French companies vis-a-vis investment. He said banned extremist outfit, CPI (Maoist) threat to investment proposals and security scenario in general is an issue for the potential French investors.

“In my meeting with the state chief secretary on Tuesday, security will be on the agenda,” said Etienne, talking to reporters following the interactive session. Explaining further, he said he is on a fact-finding job and his assignment is precisely to gather wide information about the socio-economic and political climate of the state.

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Source: TOI



Executive at India Electron Exchange

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