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France's Macron Begins State Visit, Defence Links A Top Priority
French President Emmanuel Macron is in India for a two-day state visit that will see him serve as chief guest for India's Republic Day holiday on 26 Jan. Both New Delhi and Paris have said that the visit is more ceremonial than substantive in outcomes. In spite of this, the French gov't in particular is seen as keen to discuss defence cooperation (France is India's second-largest military supplier), as well as areas such as cybersecurity, and nuclear and solare energy.
- As Reuters reports the "Indian government had given an initial approval to buy 26 Rafale jets and jointly produce three Scorpene class submarines worth around 800 billion rupees ($9.62 billion).But the deals are yet to be finalised."
- While likely looking to avoid more controverisal topics, Macron is expected to bring up the war in Ukraine. India is seen as having a notable about of sway with Moscow, given its position as a major purchaser of Russian military equipment and New Delhi's maintenance of ties with Russia while those of the West have been cut off.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.