The French President’s Francois Hollande visit to India for the India-France Business Summit and as the chief guest at the Republic Day celebrations. The 2016 Indian Republic Day parade has included the first-ever participation of a contingent of foreign troops in the march-past. US President Barack Obama was the chief guest of the 2015 Republic Day parade. France has announced an investment of $10 billion (Rs 67,540 crore) in India over the next five years, which will largely cater to the industrial sector in the country. France is the 9th largest foreign investor in India. The two countries have sealed 19 deals, including 13 Memorandum of Understanding (MOUs): 1. Indian Space Research Organisation (ISRO) and Centre National D’études Spatiales (CNES) implementation agreement on hosting Argos-4 payload on board India’s Oceansat-3 satellite. 2. ISRO and CNES implementation agreement on a future joint Thermal Infrared earth observation mission. 3. Letter of intent on CN...
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