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France and India partnership UPSC NOTE

 

  • On July 14, 2023, in Paris, President Emmanuel Macron and Prime Minister Narendra Modi elevated the ‘Partnership for the Planet’ as one of the three pillars of the Indo-French Horizon 2047 Roadmap. 

  • This decision reflects the intensification of Indo-French cooperation over the past few years on issues such as climate change, biodiversity, health, and environment.

  • This has led to high-profile joint initiatives on the world stage, such as the International Solar Alliance. 

  • Behind one-horned rhino protection in Assam, Pune’s metro system, and Chandigarh’s future water supply system projects stands the French Development Agency (AFD), India’s steadfast partner to achieve its sustainability goals. 

  • The AFD Group is the operational arm of France’s international partnership strategy. 

  • It comprises AFD, its private sector arm Proparco, and the technical cooperation agency Expertise France. 

  • It pursues a holistic approach to development, seeking to harmonise growth with the achievement of SDGs

  • India has long been a priority partner for AFD, which is active in four strategic sectors: energy transition, sustainable urban development, biodiversity conservation and resilience of territories, and reduction of inequalities. 

  • Since 2008, the AFD Group has committed more than €4 billion for nearly 100 projects in India, which are implemented by Indian public and private partners. 

  • That makes India the number one partner of the AFD in terms of financial exposure.

  •  A whopping 83% of its portfolio contributes to climate change mitigation and adaptation,and 63% addresses gender equality.

  • Further, four environment protection projects were signed in 2023 and their implementation started. 

  • One is a project with Rajasthan for increasing forest cover, creating better conditions for wildlife to live and reproduce, while sustaining livelihoods of local communities

  • Also a green credit line with the State Bank of India was disbursed for electric buses and energy-efficient housing

  • Supporting private sector-led projects is also key in delivering real impact for local communities. 

  • One such example is Proparco’s investment, along with other co-investors, of €11.2 million as growth capital in Sahyadri

  • It is the first international equity investment in a farmer-led organisation in India

  • The project will help 15,000 farmers reduce farm losses and the use of pesticides and fertilizers, as well as enable them to increase yields and the quality of their produce


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: France and India partnership UPSC NOTE
France and India partnership UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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