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Ernst & Young India Pvt. Ltd.

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India: the Emerging Profitable Business Destination for French Companies


Kolkatha, India, April 07, 2010 --(PR.com)-- Ernst & Young launched a report titled Capitalizing the India opportunity: Helping French companies achieve business in India. The report provides an overview of the Indian economy with a comprehensive analysis on the relevant investment sectors for French companies.

With France being one of the top 10 foreign investors in India now, the report aims to further highlight all the possible opportunities for more successful Indo-French partnerships. Also French companies have expressed their interest to invest EUR10 billion during 2007-2012 in various sectors; the report aims to further enhance the already strong economic relations between the two nations.

Philippe Jauffret, Head French Business Centre, Ernst & Young, said, "We believe that this report will provide French companies with an in-depth perspective on the key sectors to consider while investing in India. The report also provides relevant tips on conducting successful due diligence here and inputs on our local regulatory environment."

Interestingly, from a Foreign Direct Investment (FDI) perspective, France has invested USD 467 million in India during 2008-09. Despite the global slowdown; India has already achieved FDI inflows of around USD25 billion in FY09.

India has emerged as the second most attractive investment destination globally and also promises some strong future growth prospects. Some key advantages India enjoys are: a ten-fold increase in the Indian middle class and a threefold growth in household income leading to an increase in consumer spending to around EUR 1 trillion by 2025. This growth will further boost opportunities for the manufacturing industry, which is forecasted to be worth EUR125 billion in the next five years. Further, the infrastructure sector will be the focus area for the Indian government with a targeted investment of approximately EUR14 billion over the next two years.

Capitalizing the India opportunity: Helping French companies achieve business in India presents sector snapshots with an update on current state of Indo-French collaboration within them.

The sectors in the report include Aerospace & defense, Automotive, Retail & consumer products, Life sciences, Energy & Utilities etc.

In the last 4 years, Ernst & Young has been advising French companies in their outbound initiatives and investments towards India. This is from strategy to the implementation stage along with performance improvement, risk mitigation and tax optimization perspective. This report also discusses sector drivers along with position of key foreign players in Indian markets with the possible opportunities for foreign investment. The key factors for due-diligence success in India have also been discussed in detail for the benefit of the companies looking at India for future growth in the report.

Some of the prominent French companies who have invested in India include Accor, Alcatel-Lucent, Alstom, Danone, LVMH Group, EADS, Areva T&D, Michelin, Saint Gobain, Sanofi Aventis, Société Générale and Thales.

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Contact Information
Ernst & Young India Pvt. Ltd.
Amber Sironzkar
+ 91-22- 4035 6875
Contact
www.ey.com/india

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