Mumbai: The Maharashtra Industrial Development Corporation (MIDC) and the Indo-French Chamber of Commerce & Industry (IFCCI) have signed a Memorandum of Understanding (MOU) to jointly facilitate French investments in the state’s industrial corridors.
Signed on 14 June during the Maharashtra–France Investment Conclave in Mumbai, the agreement reflects a strategic move to formalise institutional cooperation for easing the entry of French businesses into Maharashtra’s core sectors.
The partnership is intended to support French companies planning to either enter or expand operations in Maharashtra, particularly in sectors such as manufacturing, mobility, defence, aerospace and sustainable development.
According to officials present at the conclave, the state will offer access to industrial infrastructure, advisory services, and policy-related support.
MIDC’s role will primarily involve facilitating land allotment and infrastructure access, while IFCCI will help French companies navigate the local business environment by providing operational and networking support.
Rather than a one-off collaboration, the MoU outlines a framework to provide long-term institutional support to French investors. The move aligns with Maharashtra’s broader push to position itself as a preferred destination for foreign direct investment (FDI), amid intensifying state-level competition to attract global capital.
The Maharashtra–France Investment Conclave witnessed participation from over 150 delegates, including representatives of more than 50 French firms. Government officials and industry leaders used the platform to discuss policy frameworks, sector-specific challenges, and investment priorities.
This MoU is part of the wider Indo-French cooperation effort, which has gained traction in recent years. France is already among the key European investors in India, and Maharashtra remains a preferred entry point for many French firms given its industrial ecosystem and urban infrastructure.
