India is becoming the biggest hub for diversification and de-risking: Prime Minister Mr. Narendra Modi

Prime Minister Mr. Narendra Modi addressed the 14th India-France CEO Forum in Paris, highlighting that now is the ideal time to invest in India, as the country becomes the biggest hub for diversification and de-risking. He praised the strong collaboration between Indian and French businesses, emphasising the ongoing efforts to innovate, collaborate, and integrate. He welcomed the report from the summit and acknowledged the successful co-chairing of the AI Action Summit with French President Mr. Macron. He further noted India’s target of achieving 100 GW of nuclear power by 2047, focusing on Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs), opening opportunities for the private sector. He urged global investors to seize this moment as India rapidly emerges as a preferred investment destination. Union Minister for External Affairs, Dr. S. Jaishankar, echoed the sentiment, stressing the urgency of diversifying global supply chains and de-risking the economy. Speaking to corporate leaders from India and France, he urged for more resilient, reliable supply chains and deeper business collaboration, especially in defence manufacturing and aerospace. He highlighted the India-Middle East-Europe Economic Corridor (IMEC), noting that India’s infrastructure is rapidly evolving and driven by initiatives like Gatishakti. Under the ' Make in India ' initiative, he encouraged businesses to move from a buyer-seller relationship to more collaborative efforts, such as co-designing and co-production. He expressed confidence in the growing strategic partnership between the two nations. He urged business leaders to accelerate trade, investment, and cooperation, which are currently well below their potential. He emphasised the importance of trust and value-based collaboration in strengthening ties.