French President François Hollande will be travelling to India at the end of this week for a three-day visit during which some major agreements are likely to be signed between the two countries, including on Smart City programme.
During his visit to France in April last year, Prime Minister Narendra Modi announced that India would buy Rafale jets besides taking policy initiatives in seeking cooperation in developing Smart Cities.
The ‘Smart City’ project is an area which would be under focus as France has already committed investing over 2 billion euros for the scheme.
France is keen to work on Chandigarh, Nagpur and Puducherry. Solar power generation has been a pet energy policy initiative of Prime Minister Modi. The government is targeting 100 gigawatt of solar power generation by 2022, up from around 4 gigawatt at the moment.
Both Modi and Hollande have put their faith and vision behind this alliance and the idea is to mobilise $1trillion worth of investment towards this project and to focus on tropical countries that are sun-rich but cash-poor.