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France’s PM off to India to market nuclear reactors

Hollande-salesflag-indiaDefence & civil nuclear cooperation will dominate Francois Hollande’s visit Economic Times, By Dipanjan Roy Chaudhury, ET Bureau | 18 Jan, 2016,  NEW DELHI: Defence and civil nuclear cooperation will not be the only things that will dominate the visit of Francois Hollande — the fifth French leader to be chief guest at India’s Republic Day celebrations — with India and Paris working to expand partnership in areas of smart cities, solar energy, counter-terrorism, rail infrastructure and space.

While Hollande travels to Chandigarh (designed by Swiss-French architect Le Corbusier) as one of the 3 cities chosen by France to  make them smart, the French leader would devote time towards providing support to India’s clean energy projects in the backdrop of Paris climate energy meet by being present at the foundation stone-laying ceremony for the International Solar Alliance Secretariat on January 25 in Gurgaon along with Prime Minister Narendra Modi, official sources indicated. Modi had launched the solar initiative at the Paris meet last November.
The Modi government is investing an initial $30m in setting up the 120-country-solar alliance’s headquarters in India. The eventual goal is to raise $400m from membership fees, and international agencies.

Companies involved in the project include Areva, Engie, Enel, HSBC France and Tata Steel. Areva is also setting up a nuclear power plant in Jaitapur, after France became the first country to conclude a civil nuclear deal with India following a clean waiver by Nuclear Suppliers Group in September 2008.

Modi’s trip to Paris last April witnessed landmark MoU for technocommercial cooperation between Areva and Nuclear Power Corporation of India Ltd, as well as a key pact between French nuclear giant and Larsen and Toubro for making components in this country for setting up six advanced reactors at Jaitapur. …….

January 19, 2016 - Posted by | France, marketing

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