India, France sign agreement on sustainable urban development

Monday, October 08, 2012
Union Minister for Urban Development Kamal Nath
on Monday sign a agreement on sustainable
development with France  [File Photo]
Paris: India and France signed administrative agreement on sustainable urban development on Monday to share practices and progress in the urban sector.

Indian Urban Development Minister Kamal Nath, and Ms. Nicole Bricq, Minister for Foreign Trade, Government of France signed the agreement in the Paris.

Speaking on the occasion, Kamal Nath expressed appreciation for the related work in the field of sustainable urban development carried out in France and felt that India could benefit immensely from the French experience. 

Earlier, Kamal Nath held talks with Ms. Nicole Bricq. The two Ministers expressed satisfaction at the maturity reached in the strategic relations between India and France.

 The two Ministers discussed ways to enhance economic and commercial relations between the countries. 

Nath briefed the French Minister about the recent decisions taken by the Government of India to further liberalise the Foreign Direct Investment (FDI) regulations in India and reiterated the Government’s commitment to continuing with liberalization of the Indian economy. 

The implementation of this Agreement will take place under the aegis of the Indo-French Joint Working Group on Urban Development comprising representatives from the Ministry of Urban Development (India) and the Ministry of Regional Equality & Housing and the Ministry of Ecology, Sustainable Development & Energy (France). 

Kamal Nath also participated in a business roundtable organised by the MEDEF International. The roundtable was attended by leading infrastructure companies. 

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