Coumar Ananda Discusses India-France Trade Opportunities at AI Summit in Paris
India and France Explore Trade Opportunities at AI Summit
Paris, France - February 10
As Prime Minister Narendra Modi prepares to visit France for the AI Summit, Coumar Ananda, President of the Chambers of Commerce and Industry France-India, highlighted the current trade status between India and France. He noted that trade has increased to below USD 20 billion, primarily in defense and aerospace sectors.
Ananda pointed out the potential for growth, mentioning that fewer than 100 Indian companies operate in France, compared to over a thousand French companies in India. He emphasized the opportunities for Indian businesses in France, as the country welcomes Indian investors across various industries.
Prime Minister Modi will co-chair the AI Summit with French President Emmanuel Macron and address the India-France CEOs forum during his visit from February 10 to February 12. Foreign Secretary Vikram Misri stressed the importance of developing AI in a safe and responsible manner.
Doubts Revealed
Coumar Ananda
Coumar Ananda is the President of the Chambers of Commerce and Industry France-India. This organization helps businesses from France and India work together and grow.
Chambers of Commerce and Industry France-India
This is a group that helps businesses from France and India connect and trade with each other. They work to make business easier between the two countries.
Trade Opportunities
Trade opportunities refer to chances for businesses in India and France to buy and sell goods and services to each other. It helps both countries grow economically.
AI Summit
An AI Summit is a big meeting where people talk about Artificial Intelligence, which is when computers can do tasks that usually need human intelligence, like understanding language or recognizing pictures.
USD 20 billion
USD 20 billion is a way to measure the total value of trade between India and France. It means that the goods and services traded are worth 20 billion US dollars.
Defense and Aerospace
Defense and aerospace are industries related to military equipment and aircraft. These are important areas where India and France trade with each other.
Prime Minister Narendra Modi
Narendra Modi is the Prime Minister of India, which means he is the leader of the Indian government.
French President Emmanuel Macron
Emmanuel Macron is the President of France, which means he is the leader of the French government.
India-France CEOs forum
This is a meeting where the top leaders of big companies from India and France come together to discuss business and trade.
Responsible AI development
Responsible AI development means creating and using Artificial Intelligence in a way that is safe, fair, and respects people's rights.
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