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He further stated that using sustainable practices can have a mitigating factor on climate change and its emerging adverse impact across the world
India and France can collectively expand agricultural and food processing for the world’s food security using innovative sustainable practices. This was stated by Union Minister of Commerce & Industry, Piyush Goyal at the Asia Pacific Commission (APAC) 2024 Forum organised by the French Foreign Trade Advisors in New Delhi. He further stated that using sustainable practices can have a mitigating factor on climate change and its emerging adverse impact across the world.
Goyal stated that India and France have a huge potential for partnerships in renewable energy with the International Solar Alliance (ISA) having been a runaway success. Over 100 countries have taken membership in this alliance co-sponsored and spearheaded by India and France, he said. Elaborating on the solar alliance, he underlined the efforts of both countries to take clean and renewable energy to the emerging countries and lesser developed countries of the world.
In the aerospace sector, the Minister stated that India is the world’s largest aviation market with 1500 planes ordered with the capability of taking the order up to 2000. Noting that for the next three decades, the Indian aviation market will be the largest demand aggregator, he urged the French aviation sector to explore opportunities to set up manufacturing facilities in India. He also emphasised that India has been building airports rapidly, from 74 in 2014 to 125 today. He also announced that the Government is planning to add 75 more airports by 2029.
Goyal noted that India has been rapidly expanding its defence sector as well and the Centre is encouraging companies from across the world to manufacture in India providing them 100 per cent ownership of their companies. The Minister calling for greater collaboration with France in the defence sector also underlined in his speech that the Government, with its robust patent-protected regime, does not insist on technology transfer.