Current Affairs

Invest India and Business France sign MoU to promote investment

India and France aim for better growth of start ups Invest India and Business France have signed Memorandum of Understanding (MoU) to promote investment facilitation and cooperation between startups of India and France.
Invest India & Business france sign MoU
  • The MoU will facilitate direct foreign investment by providing practical investment information to the enterprises.
  • It will also support companies pursuing those opportunities which contribute positively to economic growth of two countries.

Details of the MoU:

  • Under this MoU, Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities.
  • They will also exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and the Indian private sector, creating dedicated support structure to facilitate inbound companies and startups.
  • The partnership will strengthen existing business relations between India and France and provide seamless facilitation channel for new businesses and innovations from both countries to grow in each other’s markets.

What is Invest India?

  • It is an official Investment Promotion and Facilitation Agency of the Central Government
  • It is mandated to facilitate investments in the country. 
  • It is the first stop for potential global investors in the country.
  • It is a non-profit venture under Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industries.

What is Business France?

  • It is an executive agency of French government under supervision of Minister for Economic Affairs and Finance and Minister of Foreign Affairs and International Development.
  • It promotes international business development for French companies and professionals through worldwide network of 80 trade commissions, which have worked with over 7,500 SMEs. 
  • It mobilizes expertise of 1,400 persons in France and in 70 other countries.

Question:

Q. Which two parties have signed Memorandum of Understanding (MoU) to promote investment facilitation and cooperation between startups of India and France?
a. RBI & FBI
b. Invest India and Business France
c. Bank of India and Bank of France
d. None of the above
Invest India and Business France sign MoU to promote investment Invest India and Business France sign MoU to promote investment Reviewed by Inderjeet Virdi on July 27, 2018 Rating: 5

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