India, France Expand Cooperation Across Sectors, Set Goal To Double Trade To $32 Billion In 5 Years

Published 15 June 2026 · india

India, France Expand Cooperation Across Sectors, Set Goal To Double Trade To $32 Billion In 5 Years Published By, Last Updated: June 15, 2026, 09:53

India, France Expand Cooperation Across Sectors, Set Goal To Double Trade To $32 Billion In 5 Years Published By, Last Updated: June 15, 2026, 09:53 IST India and France also announced the creation of a Joint Artificial Intelligence Working Group to cooperate on AI governance, research and development. Rapid Read India's Prime Minister Narendra Modi and France's President Emmanuel Macron review honor guards as they arrive for bilateral talks in Beaulieu-sur-Mer India-Frnce Ties: India and France on Sunday agreed to double their annual bilateral trade to $32 billion within the next five years and unveiled a series of initiatives in technology, innovation and defence following talks between Prime Minister Narendra Modi and French President Emmanuel Macron. The two leaders announced 13 key outcomes, including an India-France Innovation Roadmap 2030, the creation of a joint Artificial Intelligence Working Group, expansion of India’s UPI payment system in France, and the establishment of a high-level mechanism to achieve the trade target. The agreements were finalised during bilateral talks in Nice, where PM Modi is visiting as part of his week-long tour of France and Slovakia. In a post on X, PM Modi said, “What a pleasure to have met you again in Nice.

A first step that was resolutely productive. The partnership between India and France will continue to reach new heights. See you in Évian and Paris…" Here are highlights from Nice…a great start to my France visit.May the India-France friendship keep getting stronger.@EmmanuelMacron pic.twitter.com/2GMFQDhecE — Narendra Modi (@narendramodi) June 15, 2026 Foreign Secretary Vikram Misri said the discussions covered the full spectrum of bilateral relations, including defence, civil nuclear energy, space, trade, investment, technology, innovation, education and people-to-people exchanges. A major focus of the talks was strengthening cooperation in technology and innovation. The two sides unveiled an Innovation Roadmap 2030 aimed at expanding collaboration in critical and emerging technologies, startups, incubators and academic partnerships. India and France also announced the creation of a Joint Artificial Intelligence Working Group to cooperate on AI governance, research and development, capacity building and industry exchanges. The leaders agreed to establish a high-level mechanism dedicated to doubling bilateral trade within five years and launched a separate dialogue on economic security, with a focus on strengthening supply chain resilience and cooperation in critical minerals. The two countries also decided to expand the use of India’s Unified Payments Interface (UPI) in France. The digital payment system is expected to become operational at Paris’ Charles de Gaulle Airport and Nice Airport in the coming days, benefiting Indian tourists, students, business travellers and the diaspora community.