France shares with India the concerns about China's Indo-Pacific aggression. Ms Colona did mention that she is aware of the various challenges that have emerged in Indo-Pacific region because of China.
Both the countries wish to expand the bilateral relations to new areas such as blue economy (fisheries, maritime transport, tourisms) and Ocean Governance. India is going to be the "Country of Honour" during a "Sea Tech Week" to be held in Brest France.
Both the countries are looking at two major trilateral partnerships, one with UAE and another one with Australia with the main focus on Indo-Pacific. They agreed on establishing Indo-Pacific Trilateral Development Cooperation Fund to support India-based innovators and start-ups.
France does hold an important position not only in Europe, but also in Indo-Pacific due to its presence through its tiny island Reunion Island in the region close to Madagascar.
France has reaffirmed its stance on supporting India's permanent position in United Nations Security Council. This could prove an important development for India.
France will also work with India on nuclear projects, such as Jaitapur Nuclear Plant - projected to be the largest in the world.
Both the countries are launching a scheme for the Exchange of Young Professionals in the 18-35 age group as a follow-up to the Migration and Mobility Partnership. The European nation has shown interest in inviting more Indian students, around 20,000, by 2025.
India can benefit from its second largest Military partnership, which is with France in this whole bargain. There is a possibility of technology transfer and joint ventures.
French companies could look at investments worth millions of dollars in India. The French Safran Group is already in the process of setting up their largest and first aircraft engine maintenance, repair and overhaul facility worth US$ 150 million in Hyderabad, which is expected to create 1,000 high-skilled jobs in Telangana.
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