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China syndrome

Calcutta, March 5: A robust growth rate, faster pace of reforms and continuity in economic policies have made China a better destination for foreign investment than India.

Enumerating the factors that have contributed to a healthy two-way trade between France and China, Dominique Girard, the French ambassador to India, said things have started changing here but there’s still a lot of distance to be covered.

Quantifying the difference between India and China as business allies, Girard said while bilateral trade between France and China stood at $ 50 billion, with India it is around $ 10 billion.

However, the French ambassador felt there was ample scope of improving trade ties between the two countries.

According to Girard, some of the areas where French expertise can be of help to India are, transportation, water treatment, waste management and agri business. He also invited Indian entrepreneurs to explore business opportunities in France.

On Bengal’s scope of attracting French investment, Girard highlighted the rich historical and cultural links between the two and said the foundation for a better relationship had already been laid. “We now only need to build upon it,” he added.

Girard made it very clear that the French administration had no problem in interacting with the Left Front government in Bengal.

“As long as the government acts, we have no problem with its political ideology,” he said.

Girard also announced the appointment of Keventer Agro chairman, Mahendra Kumar Jalan, as the honorary Consul of France in Calcutta.

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