India-France bilateral trade 'quite sub-optimal': Govt

Bilateral trade between India and France in the financial year 2023-24 reached USD 15 billion with Indian exports at about USD 7 billion and imports at about USD 8 billion.

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Commerce and Industry Minister Piyush Goyal on Wednesday called for increased collaboration with French businesses in five key sectors such as agriculture and food processing, renewable energy, aerospace and defence, automobiles and electric vehicles and digital technology.

Speaking here at the annual conference of French Foreign Trade Commissioners of the Asia-Pacific region, which included French CEOs and business leaders, Goyal said trade between the two countries is at suboptimal levels given the opportunities at hand.

"(Bilateral trade) is quite sub-optimal, given the strength of our two economies, something which we should collectively aspire to grow much bigger, much better, much faster," Goyal told the gathering.