New Delhi: India and France have decided to increase bilateral trade to $5 billion in the next few years from $3 billion, besides enhancing the flow of investments from Paris to New Delhi.
This was indicated during discussions between Commerce Minister Kamal Nath and his French counterpart Christine Lagarde in Paris on Friday, an official release said.
Lagarde indicated that the focus of French investment would be in high-tech industries and IT.
She also conveyed the keenness of France to promote collaboration between small and medium enterprises of the two countries.
Earlier, the two Ministers issued a joint statement at the conclusion of the 14th Session of the Indo-French Joint Committee.
The statement welcomed the recent positive trends in trade and investment between India and France.
The two countries have agreed to take concerted steps to further expand bilateral trade and economic cooperation.
This included finding ways to facilitate movement of business persons, professionals, students, interns and tourists which would help in the expansion of business linkages.
France also indicated that its proposed legislation on immigration, currently under examination by the French Parliament, would open new avenues for foreign qualified professionals and students to access the French market.
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