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‘UT should tap foreign investment potential’

Special Correspondent
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Seeing enormous potential, French firms are keen to invest in solid waste management and green sectors, says Consul General of France

Phillippe Janvier Kamiyama
Phillippe Janvier Kamiyama

Few French companies have an interest in investing in Puducherry which needs to showcase its potential to attract more investments by providing necessary industrial climate, said Phillippe Janvier Kamiyama, Consul General of France.

After assuming office recently, he told a select group of journalists here on Wednesday that French companies were keen to invest in solid waste management, environment and few more technology related sectors.

A number of French companies had already set up ventures in Chennai, basically because of the prevailing industrial environment attracting investments. Similarly, some companies are looking for opportunities to start ventures in Puducherry. A few companies are also looking for collaboration, said Mr. Kamiyama who held discussions with representatives of a French company looking to set up base in the UT on Wednesday.

“The launch of flight service between Puducherry and Bangalore is a positive sign that will bring in more companies. If there is direct connectivity to France, it will bring more businessmen and industrialists to Puducherry,” he said.

Puducherry has an excellent potential to attract more investments. However, there was a need to showcase its potential. It had to improve on many aspects. If needed, resources could be mobilised from France to implement projects to beautify the town, he said.

Stating that France was committed to few projects, including a sand beach in Puducherry, Mr. Kamiyama said steps would be taken to expedite them. He had met Lt. Governor Virendra Kataria and sought his cooperation to get environment clearance for the projects.

There was an ambitious plan to conduct international boat race from France to Puducherry in 2015. A technical study has also been conducted to organise the event and it required some infrastructure, Mr. Kamiyama said. He had already sought the cooperation of the government to conduct the festival in an organised manner. Besides bringing in large number of tourists, the event could be used as an excellent opportunity to expose tourism and industrial potential of Puducherry.

As many as 30 complaints about grabbing of properties owned by French nationals in Puducherry had been received by an association.

The Consulate General of France alone could not bring an end to the problem. It needed a concerted support of various stakeholders. Steps were being taken to save properties of French nationals with the support of police, revenue and other authorities, Mr. Kamiyama said.

Launch of flight service between Puducherry and Bangalore is a positive sign that

will attract

more companies

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