Prime Minister Narendra Modi, addressing the CEO Forum in Paris on Tuesday (local time), underscored India’s rapid economic growth, deepening strategic partnership with France, and expanding opportunities for global investors. He highlighted India’s commitment to stable policies, technological advancements, and massive infrastructure development, positioning the country as a preferred investment destination.
Calling the forum “more than just a business event,” PM Modi described it as a convergence of the brightest minds from India and France who are shaping the future through innovation, collaboration, and elevation. He stressed that beyond boardroom ties, the forum strengthens the Indo-French strategic partnership built on trust, democracy, and a shared vision for global progress.
“India and France aren’t just connected by democratic values. Deep trust, innovation, and serving the people are the pillars of our friendship. Our relationship isn’t confined to just our two nations. Together, we’re providing solutions to global problems,” PM Modi said, underlining the historic and evolving ties between the two countries.
PM Modi highlighted India’s economic resilience and rapid transformation, stating that the country is following the mantra of reform, perform, and transform. He emphasized that India, now the world’s fifth-largest economy, is steadily moving towards becoming the third-largest.
“We’ve provided an ecosystem of stable polity and predictable policy. India is becoming a global hub for investments, with infrastructure development as a priority. We are investing nearly $114 billion annually in modernizing railways, expanding road networks, and advancing technology-driven projects,” he said.
He also highlighted India’s ambitious plans in space technology, biotechnology, and nuclear energy.
“We are touching new heights in space technology, which is now open to FDI. India is swiftly transforming into a biotech powerhouse. In nuclear energy, we are working towards a target of 100 GW by 2047, with private sector participation,” PM Modi added.
PM Modi reinforced India’s push for self-reliance in AI, semiconductors, and defense manufacturing.
“India is rapidly becoming a favorite investment destination. We have launched the AI, Semiconductor, and Quantum Missions. In defense, we are encouraging ‘Make in India’ and ‘Make for the World.’ Many of you are already part of this transformation,” he told the gathering of CEOs.
Earlier, PM Modi co-chaired the AI Action Summit with French President Emmanuel Macron in Paris, where he addressed global leaders and industry experts on the need for ethical AI governance.
At the summit, PM Modi emphasized the importance of democratizing AI and ensuring that its benefits reach everyone, particularly the Global South.
“Governance isn’t just about managing risks; it is about fostering innovation for global good. AI must be accessible to all. India, with its diversity, is developing its own Large Language Model for AI, and we are ready to share our expertise globally,” he said.
Pointing to India’s success in Digital Public Infrastructure, he noted that the country has leveraged open technology to serve 1.4 billion citizens. He reaffirmed India’s commitment to ethical AI development and announced that India will host the next AI Summit.
PM Modi also referred to the India-France sustainability partnership, particularly through the International Solar Alliance, stating that both nations must collaborate on an innovation partnership for a smart and responsible future.
The AI summit’s High-Level Segment began with a dinner hosted by President Macron at the Elysee Palace on February 10, bringing together world leaders, international organizations, and top CEOs from major AI firms.
(Inputs from ANI)
