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INDIANDESK™ : A NEW PARTNERSHIP This is a new service offered by cLé réseau d’avocats, due to M. C. Lèguevaques, lawyer at Paris and Ph. D (https://www.academia.edu/3574977/CV_Christophe_Leguevaques_2013_). In 2011, he published a “VADE MECUM INDIA”, (https://www.academia.edu/3572931/Vademecum_INDIA),. His work aims at bringing closer France and India, both economically and culturally. According to this target, His Excellency the Ambassador of India in France visited the Midi-Pyrénées area last year to discover its economy and the fact this “Région” is not only devoted to aircraft industry (http://www.objectifnews.com/node/7480). Indeed, Midi-Pyrénées is a leader in agriculture, water treatment and the pharmaceutical sector too. M. C. Lèguevaques has given the management of the Desk to an English-speaking junior lawyer, Olivier Hirtzlin-Pinçon. The Desk is dedicated to help the French firms in their settlement and/or development in India and vice-versa for the Indian firms interested in doing business in France. In that purpose, INDIANDESK™ will use the skills and competences of the different partners of the cLé réseau d’avocats.
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Lettres indiennes INDIANDESK™‘s newsletter – N° 1 – 1st Quarter 2014 – FREE – English version
WHY INVEST IN FRANCE ?
Despite being often presented in the Anglo-Saxon press as a country in decline, France is among the most integrated and most invested industrialized countries in globalization.
A nation of tradition and technological innovation, France remains a major agricultural country with an impressive industrial know-how and innovative spirit which has enabled it to solidify its place at the forefront of the race between globalized economies.
As a rich country and enterprising country, France, like India, has an inclusive economy. This is why in France, as in India, family firms have a vital role in economic development.
In addition, in our two nations the role of the state is strategic in limiting excessive specialization and maintaining a wide range of industrial sectors.
In the words of the French president in his interview with The Times of India (February 13, 2013) : “Indians will find in France the best technology, a high level of infrastructure, a workforce of exceptional quality and, what’s more, in the heart of the largest economy in the world : that of Europe.”
Last, beyond the strictly economic and financial aspects, France remains a country where life is good.
So come discover France. You will not be disappointed!
FRANCE – INDIA : A LOVE AFFAIR ?
France is now home to nearly 100 Indian companies.
NDIAN COMPANIES IN FRANCE -‐ There are nearly 100 Indian companies doing business in France, employing over 5,600 people. The number of new job-creating investment projects was unchanged in 2011, with 12 new projects that will generate 188 jobs. In 2011, India was the 13th largest foreign investor in France by project numbers. Half of all Indian investment projects were in the software and IT services sector. Indian companies prioritized site creations in 2011, which accounted for over 83% of projects.
FRANCE AS A RECIPIENT OF INDIAN INVESTMENT IN EUROPE -‐ In 2011, France was the third largest recipient of job-creating investment from India, receiving 11% of Indian projects in Europe. The top recipients of Indian investments were the United Kingdom (38%) and Germany (19%).
SELECTED INVESTMENT PROJECTS IN 2011 : ONMOBILE, GLOBAL LTD, GEOMETRIC LTD, ITC INFOTECH INDIA LTD
About Aerospace in France
• Largest export industry in France (77% of sales, with 70% of the workforce located in France)
• Largest trade surplus (€18 billion) • Substantial investments in production and R&D (17% of sales) • 13,000 newly hired employees in 2011 and a 3.2% increase in the total
workforce (162,000 people) • 2011 results confirm the recovery that began in 2010 • 2011 comparable sales increased by 3.3% to €38.5 billion, with €23.5
million in exports and driven by the civil sector, which represents 72% of the total
• Space activity remained stable at €4 billion in sales; the commercial sector represents 60% of sales
• More than 50% of European space industry sales
Equipment manufacturers represent:
• €11.4 billion in sales, an increase of 13.8% • €14.3 billion in orders (€6.3 billion from exports), an increase of 20.5%,
87% from the civilian market
More information in : http://www.sayouitofrance-‐innovation.com/
INDIANDESK™ : A NEW PARTNERSHIP This is a new service offered by cLé réseau d’avocats, due to M. C. Lèguevaques, lawyer at
Paris and Ph. D (https://www.academia.edu/3574977/CV_Christophe_Leguevaques_2013_).
In 2011, he published a “VADE MECUM INDIA”, (https://www.academia.edu/3572931/Vademecum_INDIA),. His work aims at bringing closer France and India, both economically and culturally. According to this target, His Excellency the Ambassador of India in France visited the Midi-Pyrénées area last year to discover its economy and the fact this “Région” is not only devoted to aircraft industry (http://www.objectifnews.com/node/7480). Indeed, Midi-Pyrénées is a leader in agriculture, water treatment and the pharmaceutical sector too.
M. C. Lèguevaques has given the management of the Desk to an English-speaking junior lawyer, Olivier Hirtzlin-Pinçon. The Desk is dedicated to help the French firms in their settlement and/or development in India and vice-versa for the Indian firms interested in doing business in France.
In that purpose, INDIANDESK™ will use the skills and competences of the different partners of the cLé réseau d’avocats.
The Millau bridge, an example of the French innovation for all
“Attractiveness is a signal of confidence and a pride for our country. We have no fear of investments coming to France,
we do not want to protect ourselves, we do not have a narrow conception of our national interest
that is a part of the success of a country.”
President Francois Hollande Strategic Council for Attractiveness (17 February 2014)
FRANCE OFFERS THE BEST RESEARCH TAX CREDIT IN EUROPE
● Covers 30% of all R&D costs up to €100 million, and 5% above this threshold. As of 2013, innovation expenses incurred by SMEs are also eligible for the research tax credit (up to €80,000 of tax credit a year).
● France’s research tax credit is also a powerful incentive for research partnerships, as all expenditure contracted out to public-sector bodies is double-counted, thereby effectively doubling the research tax credit. Salaries paid to junior final-year doctoral and post-doctoral research personnel on their first permanent contract are quadruple-counted when calculating the research tax credit for two years.
● The research tax credit and “innovative new company” (JEI) schemes have been fixed for five years to provide businesses with visibility and legal security.
● France’s public investment bank, bpifrance, offers two solutions to promote the use of the research tax credit by micro-enterprises and SMEs, by guaranteeing and pre-financing the research tax credit.
● More than 15,000 businesses have received the research tax credit, declaring €18.39 billion of research expenditure in 2011. Total tax relief for research tax credit recipients amounts to €5.17 billion.
● France is ranked first in Europe for corporate tax rates on R&D operations, taking into account tax bases, depreciation allowances, tax exemptions and tax credits. (Source: KPMG, Competitive Alternatives, 2012)
● France was ranked sixth in the world in 2013 for the average cost of employing a researcher once tax incentives are taken into account, with lower costs than in the United States, Japan and and Germany. (Source: French National Association for Technical Research) 2013
©LEGUEVAQUES AVOCATS, Selarl au capital de 155.000 €, RCS Paris 443 426 200, inscrite auprès du Barreau de Paris, 35 Bd Malesherbes 75008 Paris – paris@cle-‐avocats.com -‐ Tél. (33) 5 62 309 152 Pour ne plus recevoir la newsletter, adresser un message à ohp@cle-‐avocats.com
cLé réseau d’avocats supports the Toulouse’s festival of Indian cinema
MIDI-‐PYRENEES, SOUTHWEST FRANCE
With an area of 45,348 km², Midi-Pyrenees is the largest of Metropolitan France’s 22 regions. It is larger than Denmark or the Netherlands. To the south Midi-Pyrenees extends to the Pyrenees Mountains, and borders Spain.
Welcome to Midi-‐Pyrenees, Southwest France TOULOUSE is an hour from Paris by plane, and 390 km from Barcelona by car. Metropolitan Toulouse has the highest growth rate in France. Midi-Pyrenees and Toulouse are regularly cited at the top of the list in opinion polls for their attractiveness, vitality and the quality of life.
Midi-‐Pyrenees, France’s second most attractive region • 32,000 new residents arrive each year Third-ranked region in France for international
investments
• Four competitiveness clusters, including a global one, and many industrial clusters in agri-business, cosmetics, automotive, mechanical engineering, water treatment, sensors, ICT, robotics, rail, etc.
Midi-‐Pyrenees, a region with a strong international culture • 120,000 foreign residents, International educational establishments welcome children of
expatriates,
• 34 consulates or consular representations, Over 400 foreign companies employing nearly 60,000 people.
Major industries • Aeronautics and Space (More than 68,000 jobs)
o Home to the global headquarters of EADS, Airbus, ATR, Daher-Socata
o Aerospace Valley, the World Competitiveness Cluster in Aeronautics, Space, Embedded Systems, linking the Midi-Pyrenees & Aquitaine regions
O WORLD LEADER IN CIVIL AERONAUTICS
o European market leader in the design and manufacture of space systems and their applications with the big names in space : CNES (French Space Agency), EADS Astrium, Thales Alenia Space.
• Information and Communication Technologies (More than 34,000 jobs)
o The development of the aeronautics and space industries has stimulated growth in computer science, electronics and telecommunications in Midi-Pyrenees. Today, the region is a major player in France for ICT development
o The leading French region for software publication, computer programming, the manufacture of electrical and electronic equipment
• Agribusiness (25,000 jobs (more than 80,000 including agriculture)
o Leaders such as 3A Coop, Andros, Société des Caves & Producteurs Réunis de Roquefort
o 3 major sectors : agro-industries, in particular milk, meat, fruit and vegetables, agri-business supplies and non-food agricultural products
o The Agrimip Sud-Ouest Innovation competitive cluster, As an indication of the importance of agriculture in southwest France, and its quality, the region is the leader in France for its production complying with quality labels, guaranteed origins and organic agriculture areas.
• Health (Over 10,000 jobs)
o Companies such as Mérial, Pierre Fabre, Sanofi, Nutrition & Santé - Cancer-Bio-Health competitiveness cluster
o A region conducive to the development of future health services, at the crossroads of expertise in aeronautics, space, ICT, agri-business and biotechnology.
The Highest Proportion of Research in France -‐ A high level of qualification • Leading French region and the eighth in Europe for the intensity of research (R & D
expenditures/GDP)
• Leading French region for the number of researchers in the overall job pool
• 4 Universities, 16 prestigious engineering schools and higher education establishments
• 116,900 students Second in France for the number of degrees awarded each year,
More informations : MIDI-‐PYRENEES EXPANSION, the regional development agency, created and funded by the Regional Midi-‐Pyrenees Council, provides free, confidential advice, and offers you personalized support. Contact by email : [email protected]
cLé réseau d’avocats : your ally for innovation and growth
One of the greatest asset of our network is our cross competences and so our complementarity; these latter are completed with a large number of teams working together and partnerships in France and abroad as well as universities.
The Network:
-‐ Is based in Paris, Toulouse and Marseille (next steps are firms in Lyon and Lille by the end of the year)
-‐ Is the French correspondent of the Indian firm SPAB & Co (Bangalore, Chennai, Cochin), member of Law Asia (www.lawasia.com)
-‐ Is composed of independent professionals with the same ethics, the same top level of exigency and the same desire of defending and protecting the interests of our clients. Each partner has a specific and established competence in his area and the firm offers its services to local authorities, companies, associations and foundations and of course to any individuals.
-‐ Gives advice, represents or assists our clients in the jurisdictions as well as in alternative dispute resolution process (e. g. arbitration).
-‐ Monitors the legal and regulatory situation, to identify and anticipate changes in legislation and regulations in its areas of competences. Moreover its members participate in professional trainings and organise recognised training courses.
Contact us : paris@cle-‐avocats.com
