Defence Minister Rajnath Singh on Wednesday made a pitch for the French industry to invest and explore collaborative opportunities in India while French engine manufacturer Safran said that India should provide an attractive business environment and not “terrorise us” with its tax and customs rules. French firms can make India their base for production of defence equipment not only for India’s large market but also for export to other countries,” Mr. Singh said, addressing the Chief Executive Officers (CEOs) of the French defence industry. Mr. Singh formally received the first Rafale made for IAF on Tuesday. To this Mr. Singh assured that India was committed to providing the "right climate" for investments under the 'Make in India' initiative. On Tuesday evening, Mr. Singh held talks with his French counterpart as part of the second annual Indo-French defence dialogue.

Source: The Hindu October 09, 2019 19:41 UTC