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| 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.