Hyderabad, February 27: The social security agreement between France and India that will come into effect soon is expected to exempt Indian employees from around 20 per cent of French social taxes.
This was stated by Lionel Petit, legal expert in French migration laws from Karl Waheed law office here at a seminar on ‘ Investment opportunities in France”, organised by CII Andhra Pradesh here on Friday. He outlined the visa benefits extended by France under the new laws—how foreign investors and workers can gain entry to France.
He said the bilateral trade between India and France had exceeded US $ 8 billion in 2009, registering a phenomenal growth of two-way trade. The Indian direct investments in France also increased and there were around 100 companies employing 6,000 people. He said that France was looking for investments in the fields of life sciences industry, chemicals, IT, automotive .
-Agencies