Friday 13 December 2013

France plans to invest in education and hospitality in Bihar

Impressed with over 10 per cent growth rate achieved by Bihar, France said there was good prospect for French companies to invest in the state's education, power and hospitality sectors stated a TOI report.

"There is tremendous prospect for French companies to register its economic presence in Bihar in the field of education, power and hospitality sectors," Francois Richier French Ambassador stated during his first three-day visit in Bihar. Richier said he would talk to about 350 French companies in India to make Bihar their destination.

French investment in India, at present stands at USD 18 billion. About 350 French companies in hospitality, manufacturing, automobile, cement, mechanical engineering and beauty products had heavy investments in states like Tamil Nadu, Maharashtra, NCR and Gujarat.

Nitish Kumar, Chief Minister, Government of Bihar at a meeting with Richier, informed him that French companies could help in the state's endeavour to lay stress on the power sector.

The ambassador, who visited Nalanda to see the site of new International Open University and the ancient one, said an MoU was signed between Nalanda International University and French Research school EFEO for educational exchange programmes of students and faculty members. He said there was also scope for student exchange with National Institute of Technology (NIT), Patna.

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