46th AGM of Indo-French Chamber of Commerce & Industry (IFCCI)

The Indo-French Chamber of Commerce and Industry (IFCCI) announces the election of Mr Jean Touboul, CEO of Pernod Ricard India, as its President during the 46th Annual General Meeting held in Mumbai. The event was graced by the distinguished presence of Shri. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra, and H.E. Mr. Thierry Mathou, Ambassador-Designate of France to India, along with over 300+ influential C-level business leaders from the Indo-French business community.

IFCCI stands as India’s most dynamic bilateral chamber, dedicated to fostering mutually beneficial trade relations between India and France.

French companies have made substantial investments in India, concurrently generating sustainable and significant employment opportunities in the country. The 25-year-old strategic partnership between India and France, rooted in mutual trust and comprehensive cooperation, has witnessed remarkable growth in the political, cultural, and economic spheres. Notably, Shri. Narendra Modi, Hon’ble Prime Minister of India, attended Bastille Day celebration in Paris as the Guest of Honor on July 14th, marking a historic occasion where an Indian military contingent proudly participated alongside French troops in the military parade on Champs Elysees. This was followed by the second official visit to India of the President of the French Republic, Emmanuel Macron, during the G20 Summit last month.

H.E. Mr. Thierry Mathou, Ambassador-Designate of France to India, added: “My warmest congratulations to Jean Touboul on his election as President of IFCCI, and my heartfelt thanks to Sumeet Anand for steering IFCCI so ably these past years, and growing it into one of France’s most active bilateral chambers of commerce in the world. I am impressed by the dynamism of the Indo-French business community. These business ties contribute directly to the France-India strategic partnership, through our commitment to investing together in the sectors of the future, fostering innovation, and developing sustainable solutions.”

Mr. Jean Touboul, CEO, Pernod Ricard India takes over the IFCCI presidency from Mr. Sumeet Anand, Founder & CEO of IndSight Growth Partners, who was bestowed the prestigious Legion of Honour, France’s highest civilian distinction, in recognition of his exceptional contributions to strengthening the India-France business corridor.

Upon his appointment as the President of IFCCI, Mr. Jean Touboul, CEO, Pernod Ricard India shared his vision, stating, "This honor comes with a profound commitment—to continue collaborating to support businesses and cultivating opportunities for growth. We wholeheartedly embrace the Government’s vision of a self-reliant India, and it compels us to make substantial investments in the country, catalyzing economic prosperity and nurturing an innovation hub accessible to all. Our ultimate objective is to empower our fellow Indian citizens through employment generation. Additionally, a paramount priority is the advocacy of ethical and sustainable business practices that revolutionize our strategic approaches. Leveraging the rich entrepreneurial legacies of both India and France, we aspire to forge a thriving ecosystem, ensuring a resilient future for businesses across diverse sectors."

As Pernod Ricard itself completes 30 years of its strong foothold in India, the election of Touboul serves as a testament to the ever-evolving landscape of commerce, profound innovation, and the deepening bond between these two nations.

The Indo-French Chamber of Commerce and Industry (IFCCI) felicitated Shri. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra at its 46th AGM, for his tremendous support and contribution in strengthening French investments as well as his key role in fostering ease of doing business for French companies in the State of Maharashtra, resulting in a boost of bilateral trade and and numerous job opportunities in the State.

French companies are unwavering in their commitment to investing in the State of Maharashtra. In April 2023, 19 French companies pledged substantial investments, amounting to 5000 crores of rupees, in the presence of Shri. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra at the Invest. This momentous Investment Conclave was organized by the Indo-French Chamber of Commerce and Industry (IFCCI) in collaboration with MIDC and the Government of Maharashtra, underlining the collective dedication to fostering economic growth in the country and its regions.

The Indo-French Chamber of Commerce and Industry (IFCCI) stands as one of the most vibrant chambers in the global network of French Chambers, known as CCI France International, encompassing 120 chambers spanning across 94 countries. In recognition of its innovative endeavours, Earlier this year in May, IFCCI was honored as the "Most Innovative Chamber" for the fourth consecutive year, with the award presented to Ms. Payal S. Kanwar, Director General, IFCCI, in Paris.

The Annual General Meeting featured two insightful panel discussions centered on the theme "India’s Journey: Global Manufacturing, Supply Chains, and ESG Practices." These sessions, led by CEOs from top French and Indian corporations, highlighted their visions for sustainable business growth, responsible manufacturing and supply chain management, and adherence to Environmental, Social, and Governance (ESG) guidelines for successful operations in India.

About IFFCI

Established in 1977, the Indo-French Chamber of Commerce and Industry (IFCCI) belongs to a worldwide network of 120 French Chambers (CCIFI) in 94 countries with over 37,000 member companies. One of the most active bilateral chambers in India, the Indo-French Chamber is a private association that promotes mutually beneficial trade relations between India & France. IFCCI represents a dynamic business platform of over 650 company members and a total network of more than 6,500 individual members. IFCCI has six offices in Mumbai (HQ), New Delhi, Bengaluru, Chennai, Pune and Hyderabad.