Click to play videoParis: The approval of the Indo-US civil nuclear deal deal by US Senate on Thursday signals massive investment opportunities for foreign companies.
And already, French companies are heading to India with an eye on a new business world opening up.
"It's very exciting for us to collaborate with India and collaboration between India and France," says Patrick Bergalonne, Manager, Activities, Comex Nucleaire.
Union Minister of Commerce and Industry Kamal Nath says, "There is a complete new gateway for India."
The nuclear deal signed between Indian and France means big business for industry in France and the corporate sector is gearing up for the demand.
"Building a nuclear plant is one thing, but there are lots of services which go together, and French have a very strong experience in that because we have been one of the first countries to invest massively into nuclear power," says Bernard Favre.
India is a huge market as far as its power needs are concerned. The French with their expertise in nuclear power generation feel that there are multiple synergies possible with Indian companies.
"Indian market is very big, and we think this is a good opportunity for French companies to work with some Indian companies," Bergalonne says.
But its not just the French companies who stand to gain. Indian companies are poised to forge joint ventures particularly when it comes to technological know how.
"Well, India has to start. We are about to get into infancy, and manufacture of clear energy equipment which will be more competitive in India will be an opportunity, and once this manufacturing gets way, there will be opportunities to look at other countries in the future," Nath adds.
France is the world leader in nuclear technology and the pact between the two countries has the potential to resolve most of India's power deficit.
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