France keen to invest in India\'s smart city projects
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2014-09-15

France keen to invest in India\'s smart city projects

Current investment by French companies in India stands at 15 billion Euros as against Indian investment in France which is at only 300 million Euros

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French Consul General for Western India Jean Raphael Peytregnet, who is on his two-day visit to Nagpur, has shown interest in partnering with Nagpur to make it a 'smart city', as per a PTI report.



In line with Prime Minister Narendra Modi's vision to create 100 smart cities across the country, France has offered its expertise, men, and material in urban development to build "new age" cities and plans to send a visiting team of prominent architects to Nagpur to "explore possibilities".



Accompanied by the French Trade Commissioner of Consulate General Matthieu Lefort, Peytregnet said that the basic objective would be to "explore possibilities" of co-operation in urban development.



Since each city has a different requirement, there is nothing specific in mind, though tailor-made solutions could be offered, he said. Peytregnet said that New Delhi would host a convention of architects later in November, when a French team would eventually visit Nagpur. Apart from exploring options in Mumbai and the national capital, they will also be urged to visit other Indian cities, he said.



"There is immense scope for developing modern infrastructure in India. We will be calling on officials of various municipalities and civic bodies across the country to look for tie-ups. Nagpur being in the heart of the country is very much on our mind," he said.



Current investment by French companies in India stands at 15 billion Euros as against Indian investment in France which is at only 300 million Euros. The French government is keen to increase the figure by promoting Indian business proposals, he said.

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