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Main Points to Remember:
The Indian Prime Minister Narendra Modi and the French President Emmanuel Macron held a meeting in Nice, France, on June 14, 2026. This meeting was all about the Bharat Innovates 2026 tech projects.
The Indian and French leaders decided the Innovation Roadmap 2030 and committed themselves to start an India-France AI Working Group. Additionally, 19 MoUs were signed, and these all MOUs are abouts of AI, space technologies, skill development, railways, and defence between the two countries. A mechanism at the highest level was unveiled to increase bilateral trade twofold in 5 years.
Both parties stressed the urgent need for the implementation of the India-EU Free Trade Agreement, which had been agreed upon in February 2026. Mr Vikram Misri announced that the negotiations were continuing for a joint venture.
Between EDF, a French energy firm, and the NPCIL in setting up a 9,900 MW nuclear power station at Jaitapur, in the state of Maharashtra. The project is more than 15 years old. There was also an agreement between ISRO and CNES of France to collaborate on microgravity studies.
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The pacts signed on June 14 have immediate advantages for the citizens of India. The establishment of a Centre of Excellence for Skilling in Aeronautics in Kanpur will produce skilled manpower for India's aeronautical industry. The industry is already employing thousands of engineers and technicians in India. France has also set a goal of accepting 30,000 Indian students by the year 2030, as per a statement released by PM Modi in February 2026.
French investments in India for FDI in the year 2022-23 were $659.77 million, according to industry data compiled by Equentis Research. Electricity generation by the Jaitapur Nuclear Power Plant will meet 7% of India’s total energy requirements once it goes operational. India’s total nuclear energy production capacity is 8.2 GW. The target set by the Indian government for 2047 is 100 GW. Cheaper and cleaner nuclear energy will bring down the country’s high import cost of fuel.
Who announced during a media briefing held in Nice on June 14, according to Foreign Secretary Vikram Misri. “The ball is now in the court of the French nuclear industry to consider involvement in the Indian nuclear sector, either in terms of traditional nuclear power plants or small modular reactors.” This opinion marks the beginning of private nuclear investments in India, owing to the SHANTI Act introduced in 2025.
However, as observed by trade experts from IBEF, India’s bilateral trade with France amounted to EUR 12.67 billion in 2024-25 and has doubled over the last ten years. This implies that for the doubling of bilateral trade in five years, the annual growth in trade volume needs to be around 15%. As highlighted by observers from the Observer Research Foundation, India is vulnerable in terms of minerals imports since it depends on a few geographies for its imports.
The meeting held on June 14, 2026, in Nice enabled India and France to transform their strengthened political relationship into economic achievements. India will benefit from skills development in Kanpur, French studies for 30,000 students by 2030, and the resumption of Jaitapur’s 9,900 MW nuclear project.
What is the goal behind the “Bharat Innovates” partnership launched together by PM Modi and President Macron?
Bharat Innovates is the combined effort by Prime Minister Narendra Modi of India and President Emmanuel Macron of France. As per President Emmanuel Macron of France, the goal behind the “Bharat Innovates” platform is to showcase the best DeepTech innovations and build partnerships with the rest of the world.
How can India become a hub for semiconductors in the global market?
To make India the hub for semiconductors, India has to transition from being a chip consumer to a semiconductor innovator and producer. For that reason, India should grow its existing semiconductor designing industry, inspire its component manufacturers, maintain a steady supply of utilities, and develop a huge labor force.
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