France signs deals worth $16 billion in India; to deepen defence, security ties

PARIS/NEW DELHI (Reuters) - French and Indian companies signed contracts worth 13 billion euros ($16 billion) on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France's Safran to supply airline Spice Jet with engines, water system modernisation by Suez in the southern city of Davangere and a contract between industrial gas company Air Liquide and Sterlite. Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi – also committed to strengthening their partnership on defence and security.

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