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Lettres indiennes

INDIANDLSk's newsleLLer - n 1 - 1
CuarLer 2014 - l8LL - oqllsb vetsloo


Despite being often presented in the Anglo-Saxon press as a
country in decline, France is among the most integrated and most
invested industrialized countries in globalization.
A nation of tradition and technological innovation, France
remains a major agricultural country with an impressive industrial know-
how and innovative spirit which has enabled it to solidify its place at the
forefront of the race between globalized economies.
As a rich country and enterprising country, France, like India,
has an inclusive economy. This is why in France, as in India, family firms
have a vital role in economic development.
In addition, in our two nations the role of the state is strategic in
limiting excessive specialization and maintaining a wide range of
industrial sectors.
In the words of the French president in his interview with The
Times of India (February 13, 2013) : Indians will find in France the best
technology, a high level of infrastructure, a workforce of exceptional
quality and, whats more, in the heart of the largest economy in the world
: that of Europe.
Last, beyond the strictly economic and financial aspects, France
remains a country where life is good.
So come discover France. You will not be disappointed!

France is now home to nearly 100 Indian companies.
NDIAN CCMANILS IN IkANCL - There are nearly 100 Indian companies doing
business in France, employing over 5,600 people. The number of new job-
creating investment projects was unchanged in 2011, with 12 new projects that
will generate 188 jobs. In 2011, India was the 13th largest foreign investor in
France by project numbers. Half of all Indian investment projects were in the
software and IT services sector. Indian companies prioritized site creations in
2011, which accounted for over 83% of projects.
was the third largest recipient of job-creating investment from India, receiving
11% of Indian projects in Europe. The top recipients of Indian investments were
the United Kingdom (38%) and Germany (19%).

About Aerospace |n Irance
Largest export industry in France (77% of sales, with 70% of the
workforce located in France)
Largest trade surplus (!18 billion)
Substantial investments in production and R&D (17% of sales)
13,000 newly hired employees in 2011 and a 3.2% increase in the total
workforce (162,000 people)
2011 results confirm the recovery that began in 2010
2011 comparable sales increased by 3.3% to !38.5 billion, with !23.5
million in exports and driven by the civil sector, which represents 72%
of the total
Space activity remained stable at !4 billion in sales; the commercial
sector represents 60% of sales
More than 50% of European space industry sales
Lqu|pment manufacturers represent:
!11.4 billion in sales, an increase of 13.8%
!14.3 billion in orders (!6.3 billion from exports), an increase of 20.5%,
87% from the civilian market

More lnformaLlon ln : hLLp://www.sayoulLofrance-lnnovaLlon.com/
This is a new service offered by cL rseau davocats, due to M. C. Lguevaques, lawyer at
Paris and Ph. D (https://www.academia.edu/3574977/CV_Christophe_Leguevaques_2013_).
In 2011, he published a VADE MECUM INDIA,
(https://www.academia.edu/3572931/Vademecum_INDIA),. His work aims at bringing closer
France and India, both economically and culturally. According to this target, His Excellency the
Ambassador of India in France visited the Midi-Pyrnes area last year to discover its economy and
the fact this Rgion is not only devoted to aircraft industry
(http://www.objectifnews.com/node/7480). Indeed, Midi-Pyrnes is a leader in agriculture, water
treatment and the pharmaceutical sector too.
M. C. Lguevaques has given the management of the Desk to an English-speaking junior
lawyer, Olivier Hirtzlin-Pinon. The Desk is dedicated to help the French firms in their settlement
and/or development in India and vice-versa for the Indian firms interested in doing business in
In that purpose, INDIANDESK will use the skills and competences of the different
partners of the cL rseau davocats.

1be Mllloo btlJqe, oo exomple of tbe lteocb looovotloo fot oll

Attractiveness is a signal of confidence and a pride for our
country. We have no fear of investments coming to France,
we do not want to protect ourselves, we do not have a narrow
conception of our national interest
that is a part of the success of a country.
President Francois Hollande
Strategic Council for Attractiveness (17 February 2014)

! Covers 30% of all R&D costs up to !100 million, and 5% above this threshold. As
of 2013, innovation expenses incurred by SMEs are also eligible for the research tax credit (up to
!80,000 of tax credit a year).
! Frances research tax credit is also a powerful incentive for research partnerships, as all
expenditure contracted out to public-sector bodies is double-counted, thereby effectively
doubling the research tax credit. Salaries paid to junior final-year doctoral and post-
doctoral research personnel on their first permanent contract are quadruple-counted when
calculating the research tax credit for two years.
! The research tax credit and innovative new company (JEI) schemes have been fixed for five
years to provide businesses with visibility and legal security.
! Frances public investment bank, bpifrance, offers two solutions to promote the use of the
research tax credit by micro-enterprises and SMEs, by guaranteeing and pre-financing the
research tax credit.
! More than 15,000 businesses have received the research tax credit, declaring !18.39
billion of research expenditure in 2011. Total tax relief for research tax credit recipients amounts
to !5.17 billion.
! France is ranked first in Europe for corporate tax rates on R&D operations, taking
into account tax bases, depreciation allowances, tax exemptions and tax credits. (Source: KPMG,
Competitive Alternatives, 2012)
! France was ranked sixth in the world in 2013 for the average cost of employing a
researcher once tax incentives are taken into account, with lower costs than in the United
States, Japan and and Germany. (Source: French National Association for Technical Research) 2013

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With an area of 45,348 km", Midi-Pyrenees is the largest of Metropolitan Frances 22 regions. It is
larger than Denmark or the Netherlands. To the south Midi-Pyrenees extends to the Pyrenees
Mountains, and borders Spain.
Welcome Lo Mldl-yrenees, SouLhwesL lrance
TOULOUSE is an hour from Paris by plane, and 390 km from Barcelona by car. Metropolitan
Toulouse has the highest growth rate in France. Midi-Pyrenees and Toulouse are regularly cited at
the top of the list in opinion polls for their attractiveness, vitality and the quality of life.

M|d|-yrenees, Irance's second most attract|ve reg|on
32,000 new residents arrive each year Third-ranked region in France for international
Four competitiveness clusters, including a global one, and many industrial clusters in agri-
business, cosmetics, automotive, mechanical engineering, water treatment, sensors, ICT,
robotics, rail, etc.
M|d|-yrenees, a reg|on w|th a strong |nternat|ona| cu|ture
120,000 foreign residents, International educational establishments welcome children of
34 consulates or consular representations, Over 400 foreign companies employing nearly
60,000 people.
Ma[or |ndustr|es
Aeronautics and Space (More than 68,000 jobs)
o Home to the global headquarters of EADS, Airbus, ATR, Daher-Socata
o Aerospace Valley, the World Competitiveness Cluster in Aeronautics, Space,
Embedded Systems, linking the Midi-Pyrenees & Aquitaine regions
o European market leader in the design and manufacture of space systems and their
applications with the big names in space : CNES (French Space Agency), EADS
Astrium, Thales Alenia Space.
Information and Communication Technologies (More than 34,000 jobs)
o The development of the aeronautics and space industries has stimulated growth in
computer science, electronics and telecommunications in Midi-Pyrenees. Today,
the region is a major player in France for ICT development
o The leading French region for software publication, computer programming, the
manufacture of electrical and electronic equipment
Agribusiness (25,000 jobs (more than 80,000 including agriculture)
o Leaders such as 3A Coop, Andros, Socit des Caves & Producteurs Runis de
o 3 major sectors : agro-industries, in particular milk, meat, fruit and vegetables,
agri-business supplies and non-food agricultural products
o The Agrimip Sud-Ouest Innovation competitive cluster, As an indication of the
importance of agriculture in southwest France, and its quality, the region is the
leader in France for its production complying with quality labels, guaranteed
origins and organic agriculture areas.
Health (Over 10,000 jobs)
o Companies such as Mrial, Pierre Fabre, Sanofi, Nutrition & Sant - Cancer-Bio-
Health competitiveness cluster
o A region conducive to the development of future health services, at the crossroads
of expertise in aeronautics, space, ICT, agri-business and biotechnology.
1he n|ghest roport|on of kesearch |n Irance - A h|gh |eve| of qua||f|cat|on
Leading French region and the eighth in Europe for the intensity of research (R & D
Leading French region for the number of researchers in the overall job pool
4 Universities, 16 prestigious engineering schools and higher education establishments
116,900 students Second in France for the number of degrees awarded each year,

More lnformaLlons : Mlul-?8LnLLS LxAnSlCn, Lhe teqloool Jevelopmeot oqeocy, creaLed and funded by
Lhe 8eglonal Mldl-yrenees Councll, provldes free, confldenLlal advlce, and offers you personallzed
supporL. ConLacL by emall : mpe[mldlpyr.com

cl tseoo Jovocots : your a||y
for |nnovat|on and growth

One of the greatest asset of our network is our cross
competences and so our complementarity; these latter are completed
with a large number of teams working together and partnerships in
France and abroad as well as universities.
The Network:
- Is based in Paris, Toulouse and Marseille (next steps are firms
in Lyon and Lille by the end of the year)
- Is the French correspondent of the Indian firm SPAB & Co
(Bangalore, Chennai, Cochin), member of Law Asia
- Is composed of independent professionals with the same
ethics, the same top level of exigency and the same desire of
defending and protecting the interests of our clients. Each
partner has a specific and established competence in his area
and the firm offers its services to local authorities, companies,
associations and foundations and of course to any individuals.
- Gives advice, represents or assists our clients in the
jurisdictions as well as in alternative dispute resolution process
(e. g. arbitration).
- Monitors the legal and regulatory situation, to identify and
anticipate changes in legislation and regulations in its areas of
competences. Moreover its members participate in
professional trainings and organise recognised training

Contact us : par|sQc|e-avocats.com

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