Bharat Heavy Electricals Ltd (BHEL) and French Company ALSTOM together will be a major player in the domestic power generation market where 1,50,000 mw electricity will be generated in the coming 10 years.
A French delegation led by Jean Burelle, chairman of MEDEF (apex industry body of France) is actively promoting business with India and has organised meetings between the French Business Community and Indian leaders. Santosh Mohan Dev, Minister of Heavy Industries and Public Enterprises said that India offers huge opportunity for investment and collaboration for a number of sectors including energy, auto, capital goods, chemicals, services, including insurance and banking, environment, urban development, ports and infrastructure. With the isolation of India in nuclear sector coming to an end collaboration in nuclear technology was emerging as a very big possibility, he added.
The Minister further said that French Companies were known for their cutting edge technology in various sectors. Emerging economies like India require collaboration in technology to fully utilise the excellent infrastructure of the country in order to become competitive in the world market.