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Indian desk's newsletter (n°1 - English version - february 2014)

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Lettres indiennes stINDIANDESK™‘s newsletter – N° 1 – 1 Quarter 2014 – FREE – English version INDIANDESK™ : A NEW PARTNERSHIP WHY INVEST IN FRANCE ? 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_). Despite being often presented in the Anglo-Saxon press as a In 2011, he published a “VADE MECUM INDIA”, country in decline, France is among the most integrated and most (https://www.academia.edu/3572931/Vademecum_INDIA),. His work aims at bringing closer invested industrialized countries in globalization. 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 A nation of tradition and technological innovation, France the fact this “Région” is not only devoted to aircraft industry remains a major agricultural country with an impressive industrial know- (http://www.objectifnews.com/node/7480). Indeed, Midi-Pyrénées is a leader in agriculture, water how and innovative spirit which has enabled it to solidify its place at the treatment and the pharmaceutical sector too. forefront of the race between globalized economies. M. C. Lèguevaques has given the management of the Desk to an English-speaking junior As a rich country and enterprising country, France, like India, lawyer, Olivier Hirtzlin-Pinçon.

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Publié le 19 février 2014
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Lettres indiennes
stINDIANDESK™‘snewsletter–N°1–1 Quarter2014–FREE–Englishversion

INDIANDESK™:ANEWPARTNERSHIPWHYINVESTINFRANCE?
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_).
Despite being often presented in the Anglo-Saxon press as a
In 2011, he published a “VADE MECUM INDIA”, country in decline, France is among the most integrated and most
(https://www.academia.edu/3572931/Vademecum_INDIA),. His work aims at bringing closer invested industrialized countries in globalization.
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 A nation of tradition and technological innovation, France
the fact this “Région” is not only devoted to aircraft industry remains a major agricultural country with an impressive industrial know-
(http://www.objectifnews.com/node/7480). Indeed, Midi-Pyrénées is a leader in agriculture, water how and innovative spirit which has enabled it to solidify its place at the
treatment and the pharmaceutical sector too. forefront of the race between globalized economies.
M. C. Lèguevaques has given the management of the Desk to an English-speaking junior
As a rich country and enterprising country, France, like India,
lawyer, Olivier Hirtzlin-Pinçon. The Desk is dedicated to help the French firms in their settlement
has an inclusive economy. This is why in France, as in India, family firms
and/or development in India and vice-versa for the Indian firms interested in doing business in
have a vital role in economic development.
France.
In addition, in our two nations the role of the state is strategic in In that purpose, INDIANDESK™ will use the skills and competences of the different
limiting excessive specialization and maintaining a wide range of partners of the cLé réseau d’avocats.
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:ALOVEAFFAIR?
France is now home to nearly 100 Indian companies.
NDIANCOMPANIESINFRANCE-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
TheMillaubridge,anexampleoftheFrenchinnovationforallFrance 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. “Attractiveness is a signal of confidence and a pride for our
country. We have no fear of investments coming to France,
FRANCEASARECIPIENTOFINDIANINVESTMENTINEUROPE-In 2011, France
we do not want to protect ourselves, we do not have a narrow 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 conception of our national interest
the United Kingdom (38%) and Germany (19%). that is a part of the success of a country.”
SELECTEDINVESTMENTPROJECTSIN2011: ONMOBILE, GLOBAL LTD, President Francois Hollande
GEOMETRIC LTD, ITC INFOTECH INDIA LTD Strategic Council for Attractiveness (17 February 2014)

FRANCEOFFERSTHEBESTRESEARCHTAXCREDITINEUROPE
AboutAerospaceinFrance
● 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
• Largest export industry in France (77% of sales, with 70% of the €80,000 of tax credit a year).
workforce located in France)
● France’s research tax credit is also a powerful incentive for research partnerships, as all • Largest trade surplus (€18 billion)
expenditure contracted out to public-sector bodies is double-counted, thereby effectively
• Substantial investments in production and R&D (17% of sales)
doubling the research tax credit. Salaries paid to junior final-year doctoral and post-
• 13,000 newly hired employees in 2011 and a 3.2% increase in the total
doctoral research personnel on their first permanent contract are quadruple-counted when
workforce (162,000 people)
calculating the research tax credit for two years.
• 2011 results confirm the recovery that began in 2010
• 2011 comparable sales increased by 3.3% to €38.5 billion, with €23.5 ● The research tax credit and “innovative new company” (JEI) schemes have been fixed for five
million in exports and driven by the civil sector, which represents 72% years to provide businesses with visibility and legal security.
of the total
● France’s public investment bank, bpifrance, offers two solutions to promote the use of the • Space activity remained stable at €4 billion in sales; the commercial
research tax credit by micro-enterprises and SMEs, by guaranteeing and pre-financing the sector represents 60% of sales
research tax credit. • More than 50% of European space industry sales
● More than 15,000 businesses have received the research tax credit, declaring €18.39
Equipmentmanufacturersrepresent: billion of research expenditure in 2011. Total tax relief for research tax credit recipients amounts
to €5.17 billion.
• €11.4 billion in sales, an increase of 13.8% ● France is ranked first in Europe for corporate tax rates on R&D operations, taking
• €14.3 billion in orders (€6.3 billion from exports), an increase of 20.5%, into account tax bases, depreciation allowances, tax exemptions and tax credits. (Source: KPMG,
87% from the civilian market 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 Moreinformationin:http://www.sayouitofrance-innovation.com/
States, Japan and and Germany. (Source: French National Association for Technical Research) 2013
MIDI-PYRENEES,SOUTHWESTFRANCE

cLéréseaud’avocats:yourally
forinnovationandgrowth

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
One of the greatest asset of our network is our cross
Mountains, and borders Spain.
competences and so our complementarity; these latter are completed
WelcometoMidi-Pyrenees,SouthwestFrance with a large number of teams working together and partnerships in
France and abroad as well as universities. 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 Network:
the top of the list in opinion polls for their attractiveness, vitality and the quality of life.
- Is based in Paris, Toulouse and Marseille (next steps are firms

in Lyon and Lille by the end of the year)
Midi-Pyrenees,France’ssecondmostattractiveregion - Is the French correspondent of the Indian firm SPAB & Co
(Bangalore, Chennai, Cochin), member of Law Asia • 32,000 new residents arrive each year Third-ranked region in France for international
(www.lawasia.com) investments
- Is composed of independent professionals with the same
• Four competitiveness clusters, including a global one, and many industrial clusters in agri-
ethics, the same top level of exigency and the same desire of business, cosmetics, automotive, mechanical engineering, water treatment, sensors, ICT,
defending and protecting the interests of our clients. Each robotics, rail, etc.
partner has a specific and established competence in his area
Midi-Pyrenees,aregionwithastronginternationalculture
and the firm offers its services to local authorities, companies,
• 120,000 foreign residents, International educational establishments welcome children of associations and foundations and of course to any individuals.
expatriates, - Gives advice, represents or assists our clients in the
jurisdictions as well as in alternative dispute resolution process • 34 consulates or consular representations, Over 400 foreign companies employing nearly
(e. g. arbitration). 60,000 people.
- Monitors the legal and regulatory situation, to identify and Majorindustries
anticipate changes in legislation and regulations in its areas of
• Aeronautics and Space (More than 68,000 jobs) competences. Moreover its members participate in
o Home to the global headquarters of EADS, Airbus, ATR, Daher-Socata professional trainings and organise recognised training
courses. o Aerospace Valley, the World Competitiveness Cluster in Aeronautics, Space,
Embedded Systems, linking the Midi-Pyrenees & Aquitaine regions

O WORLD LEADER IN CIVIL AERONAUTICS
Contactus:paris@cle-avocats.com
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)
cLéréseaud’avocatssupportstheo The development of the aeronautics and space industries has stimulated growth in
computer science, electronics and telecommunications in Midi-Pyrenees. Today, Toulouse’sfestivalofIndiancinema
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.
TheHighestProportionofResearchinFrance-Ahighlevelofqualification
• 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,

Moreinformations:MIDI-PYRENEESEXPANSION,theregionaldevelopmentagency,createdandfundedby
the Regional Midi-Pyrenees Council, provides free, confidential advice, and offers you personalized
support.Contactbyemail:mpe@midipyr.com

©LEGUEVAQUESAVOCATS,Selarlaucapitalde155.000€,RCSParis443426200,inscriteauprèsduBarreaudeParis,
35BdMalesherbes75008Paris–paris@cle-avocats.com-Tél.(33)562309152
Pourneplusrecevoirlanewsletter,adresserunmessageàohp@cle-avocats.com