France, India to develop aeronautics cluster
France and India will be developing an aeronautic cluster as well as an Indo-French campus for aeronautics and space.
France and India are planning to develop an aeronautics cluster as both countries work on boosting their cooperation in the aerospace sector, French Ambassador to India Thierry Mathou said on Monday.
Speaking at the conference organised by the French Aerospace Industries Association (GIFAS) in the national capital, he said the partnership between the two countries is not just strategic but universal.
India and France have a long-standing partnership in aerospace, defence and other sectors.
In the first half of 2024, he said the exports of French aerospace companies to the country stood at 2.7 billion euros.
According to him, France and India will be developing an aeronautic cluster as well as an Indo-French campus for aeronautics and space.
For the cluster, the French government is working with the civil aviation ministry.
Specific details about the cluster proposal could not be immediately ascertained.
France will support India's goal to decarbonise transport and on developing Sustainable Aviation Fuel (SAF), he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
12:48 PM IST