The French president Nicolas Sarkozy has sought a level playing field for French business in India vis-à-vis their competitors. “We don’t want to be treated better than others, but we don’t want to be treated worse than others too”, he said addressing the Indian and French business leaders at the India-France Economic Conference. In the backdrop of the cancelled Eurocopter deal, he made known the French displeasure, “We are not calling for any special treatment, but we do want that when a tender is accepted it should be abided by.”
Welcoming investment by the Indian businesses in France, he said that his government is decreasing taxation and improving the pension system to allow a flexible labour market for companies. “France needs capital and I welcome Indian business there,” he exhorted.
On the challenges posed by the climate change he said, “We won’t ask you to choose between growth and environment but to adopt a new model of growth.”
Congratulating the businesspeople for the impressive growth figures of the Indian economy he said, “In France, we admire the Indian model where a huge population is being turned, instead of a problem, into an asset. We admire you in the way you create highly skilled technocrats and computer engineers in huge numbers every year.”
Appreciating the freedom of doing business in India and contrasting it with other economies Sarkozy said, “Business proposals in India are negotiated at the firm level, where it should be, and not at the state level.” He went on to say that the G-8 should be converted to G-13 by the forthcoming Tokyo Summit to accommodate India, China, Mexico, Brazil, and South Africa.