Union Minister Piyush Goyal emphasized the potential for India and France to collaboratively enhance agricultural and food processing practices for global food security using sustainable and innovative methods. Speaking at the Asia Pacific Commission (APAC) 2024 Forum in New Delhi, Goyal highlighted how such practices could mitigate climate change’s adverse impacts.
He noted the success of the International Solar Alliance (ISA), co-led by India and France, with over 100 member countries promoting renewable energy, particularly in emerging economies. Goyal also urged France’s aviation sector to tap into India’s growing market, citing plans to increase airport numbers from 125 to 200 by 2029 and a significant aircraft demand projected to reach 2,000 planes.
The Minister stressed opportunities for India-France collaboration in defense manufacturing, electric vehicles, and digital technology, including AI, quantum tech, and cybersecurity. Bilateral trade between the nations reached $15 billion in FY24, but Goyal called for expanded economic engagement, noting France’s significant role as India’s 11th largest foreign investor.
Celebrating 75 years of diplomatic relations and 25 years of strategic ties, Goyal highlighted shared democratic values and frameworks like the Horizon 2047 roadmap for Indo-Pacific cooperation. The Minister also invited France to partner in India’s infrastructure development, including industrial cities and urban ecosystems.