Prime Minister Narendra Modi’s “Make in India” initiative has gained further momentum.
“Airbus plans to increase its Indian outsourcing from $400 million to $2 billion in next five years,” MEA spokesman Syed Akbaruddin tweeted on Saturday.
Prime Minister Narendra Modi on Saturday visited Airbus’s facility in Toulouse, in southern France, and called it “amazing”.
“Amazing visit to Airbus facility. They are very enthusiastic about “Make in India” initiative,” PM Modi said in a tweet.
Prime Minister Narendra Modi also asked for a selfie during his tour of Airbus facility in Toulouse.
On Friday, Modi held talks with President Francois Hollande and both sides inked 17 agreements and three letters of intent.
France to work with India on semi-high speed rail ::
France will partner India in a study for upgrading the speed on Delhi-Chandigarh rail line to 200km per hour and help in re-development of Ambala and Ludhiana railway stations.
France will also help in development of Smart Cities in India to be identified by the host government. These were among the outcomes of Prime Minister Narendra Modi’s talks with French President Francois Hollande in Paris on Friday.
The two sides signed a railway protocol which seeks to establish cooperation between Indian and French Railways for semi-high speed rail and station renovation.
Under the protocol, Indian Railways and French National Railways (SNCF) will co-finance an execution study by SNCF for a semi-high speed project on upgradation of the Delhi-Chandigarh line to 200km per hour and re-development of Ambala and Ludhiana railway stations in Punjab.
The Shatabdi Express between Chandigarh and New Delhi is the fastest train on the route and currently runs at an average speed of 79.80 kmph.
“The leaders look forward to cooperating in areas such as modernization of the railways and in high speed and semi-high speed rail projects, in urban transportation and in roads..,” said a joint statement issued after the talks.
France also expressed interest in collaborating with India for development of smart cities from among the list of cities to be identified by the government of India, the statement said.
