India and France have forged a strategic partnership that serves as the quintessential foundation of close and amicable relations. The partnership, established in 1998, symbolises the convergence of views on a range of international issues and lays the cornerstone for the growing bilateral relationship.
Defence and security cooperation, along with space cooperation and civil nuclear cooperation, constitute the key pillars of this strategic partnership. These areas represent the common ground where both countries have found collaboration, ensuring mutual security and strategic alignment.
Flourishing alliance
The economic partnership between India and France thrives on a solid foundation of cooperation. Businesses and industries from both countries have established robust linkages, contributing significantly to India’s pursuit of self-reliance (Atmanirbhar Bharat). The two nations engage in vital trade and commercial cooperation, including sectors such as IT corridors, smart cities, railways, capital and trade exchanges, and skill development.
France has emerged as a significant source of Foreign Direct Investment (FDI) for India, with over 1,000 French establishments already operating in the country. As the 11th largest foreign investor in India, France’s cumulative FDI stock amounted to USD 9.83 billion from April 2000 to March 2021, representing 2 per cent of the total FDI inflows into India during that period.
India, too, has a robust presence in France, with more than 150 Indian companies operating in the country, including sub-subsidiaries. These Indian companies collectively employ over 7,000 individuals, contributing to the growth of the French economy.
Convergence of vision
A strong convergence of perspectives on regional and global issues binds India and France together. France has been a steadfast supporter of India’s aspirations for permanent membership in the United Nations Security Council and the reform of the United Nations. The unwavering support from France played a vital role in India’s accession to significant international regimes like the Missile Technology Control Regime (MTCR), Wassenaar Arrangement (WA), and Australia Group (AG). France continues to back India’s bid to join the Nuclear Suppliers Group (NSG).
Both countries have demonstrated willingness to explore new avenues of cooperation beyond the traditional areas. They have engaged in areas such as maritime security in the Indo-Pacific region, counter-terrorism efforts, climate change initiatives, renewable energy projects, and sustainable growth and development. This expansion of collaboration highlights the commitment to address emerging challenges and deepen the partnership.
People-to people
Vibrant bilateral cultural and educational linkages, along with growing people-to-people contacts enhance the bond between India and France. These exchanges contribute to mutual understanding and strengthen the ties between both nations. The Indian diaspora, with a significant presence in metropolitan France and its overseas departments / territories, plays an active role in fostering cultural connections.
The thriving Indian community in France, including non-resident Indians (NRIs), plays a crucial role in the bilateral relationship. With origins primarily from French enclaves such as Puducherry, Karaikal, Yanam, Mahe, and Chandernagore, this community represents the strong historical and cultural connections between both countries. A significant Indian-origin population resides in French Overseas Territories, including Reunion Island, Guadeloupe, Martinique, and Saint Martin. Numerous Indian community organisations operating in France further strengthen the ties.
Energy collaboration
India and France have established significant cooperation in the field of renewable energy, promoting sustainable solutions to address global challenges. As a founding member of the International Solar Alliance (ISA), France has played an instrumental role.
The signing of a Memorandum of Understanding (MoU) on renewable energy further solidifies the commitment to collaboration in solar, wind, hydrogen, and biomass energy technologies. This cooperation contributes to sustainable development efforts and the fight against climate change.
