Citing “problems” faced during the “pre-Modi period,” French business leaders on Saturday pushed for clear, transparent and stable rules as they evinced interest in investing in India and decided to set up five task forces with Indian companies in specific areas. The problems were highlighted during a meeting Indian and French CEOs had with Prime Minister Narendra Modi and President Francois Hollande here.
The meeting saw French companies expressing keen interest in investing in India and participate in ‘Make in India’ programme. “India has a problem the way business is done. But it all was pre-Modi period,” said Paul Hermelin, the head of French side of the CEO forum.
He underlined that for investments, a company needs “clear, transparency of rules. It needs stable rules.” Heterogeneity is another area posing difficulty for foreign investors, said Hermelin, Chairman and CEO of Capgemini Group of France.