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India-France sign 17 agreements

| | Apr 11, 2015, at 05:51 pm
Paris, Apr 11 (IBNS) India and France have signed 17 agreements, including one on a stalled nuclear project in Jaitapur in Maharashtra as Prime Minister Narendra Modi visits the country in the first leg of his 3-nation tour making a fresh diplomatic bonhomie to firm up certain deals for the nation he heads.

The agreements are apart from  from a breakthrough on the deal for Rafale fighter jets that had been dragging feet for years,

Reports said an  MoU was signed between Larsen and Tubro and France's AREVA aimed at cost reduction by increasing localisation, to improve the financial viability of the Jaitapur project.

The agreement will also enable transfer of technology and the development of an indigenous nuclear energy industry in India.

The space agencies of two countries also agreed to cooperate in the areas of satellite remote sensing, satellite communications and satellite meteorology.

Other agreements signed were in the fields of energy, culture, tourism, conservation, Ayurveda, skill development and science and technology.

President Hollande also said  France will invest 2 billion Euros in India and help develop three smart cities, including Puducherry and Nagpur.

Earlier,  Modi used his 'Make in India' initiative to invite top French businessmen to invest in the country, particularly in the areas of defence and infrastructure.

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