France praises PM Modi’s demonetisation move

TIL Desk/National/New Delhi/ France has heaped praises on PM Narendra Modi for his demonetisation move. Appreciating PM Modi, France said that demonetisation is “bold” decision which “shows how determined” Prime Minister Narendra Modi is to combat tax evasion, corruption and black money.

French Minister for Foreign Affairs and International Development Jean-Marc Ayrault also hailed the “significant reforms” undertaken by Modi to attract foreign investments, saying “they are in the right direction”. Appreciating the ‘Make in India’ initiative that France “wishes to be a major partner, thanks to its experience, expertise and recognised technologies”.

At the same time, he said “joint efforts” should be made between the European Union and India to reduce trade barriers and pitched for reforms in India with regard to easing the import-export regime and improving the predictability and stability of regulations.

“I am impressed by the boldness of this decision. It shows how determined Prime Minister Modi is to combat tax evasion, corruption and black money. It’s also a measure aimed at modernising the economy by accelerating the transition to a digital economy,” Ayrault, who was here on a four-day visit, said when his views were sought on demonetisation.