We are happy to introduce our monthly “Key Indo-French business news” – your quick roundup of the key developments shaping the Indo-French business ecosystem. From strategic partnerships to high-level visits, we bring you the essential news you shouldn’t have missed this December!
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On December 4th, Dynamatic Technologies and Dassault signed an agreement to build the complete rear fuselage of Dassault’s latest business jet Falcon 6X. (Source)
On December 8th, Tata Consumer Products was exploring a strategic move into nutrition by evaluating Danone’s Indian business as a potential acquisition opportunity.(Source)
On December 9th, HCL Technologies entered a strategic partnership with Dolphin Semiconductor to co-develop energy-efficient semiconductors, signalling its ambitions in advanced chip design. (Source)
On December 10th, Servier expanded its pharmaceutical manufacturing and strengthened its oncology clinical research capabilities, reinforcing its long-term commitment to India. (Source)
On December 11th, TotalEnergies partially exited its investment in Adani Green Energy as part of a portfolio rebalancing strategy in India’s renewable sector. (Source)
On December 15th, and according to media reports, India and France would have agreed to revise their bilateral tax treaty to ease dividend taxation while granting India greater taxing rights. (Source)
On December 16th, Thales awarded SFO Technologies a key manufacturing contract, deepening local industrial participation in the Rafale fighter jet programme. (Source)
On December 17th, Schneider Electric India signed a memorandum of understanding with the Tamil Nadu government to invest ₹718 crore in expanding its smart manufacturing facilities in Chennai and Coimbatore and to build a new greenfield plant in Hosur. (Source)
On December 22nd, India Optel Limited (IOL) and Safran signed a collaboration agreement to transfer production of the SIGMA 30N inertial navigation system and CM3-MR direct firing sight. (Source)
On December 22nd, Alstom announced the commencement of Bhopal’s first metro service with the inaugural run aboard the world-class trains built by Alstom. (Source)
On December 23rd, Air Liquide India was very pleased to announce the successful onboarding and integration of NovaAir, marking a significant milestone, following the acquisition announced on October 27, 2025. (Source)
On December 29th, media reported that BNP Paribas is among the potential bidders for the 26% stake held by Warburg Pincus in IndiaFirst Life Insurance. (Source)
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