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France invests 3.4 bln euros to boost future industry: minister

Xinhua, May 19, 2015 Adjust font size:

French Economy Minister Emmanuel Macron on Monday unveiled a 3.4-billion-euro (about 3.84 billion U.S. dollars) investment to modernize ways of industrial production in a bid to face competitiveness and create more posts for millions of jobless claims.

"New industrial France, is the industry of the future," he said.

"This is the upgrading of our businesses, so that we produce better, much better, with much less pollution and more energy savings," said Macron cited by local media.

"The new phase, which begins, allows an investment of 3.4 billion of public investment," he said, recalling that 1.4 billion euros have already been poured into the country's industry since 2013.

The fresh investment project focused on intelligent power, sustainable cities, green mobility, transport of tomorrow, new resources, the future medicine, economics data, smart objects and digital trust to help domestic manufacturers to better respond to the expectations of households of tomorrow.

Besides, the billion-euro-project aims also at assisting companies to modernize their business models, improve their organization and ameliorate their marketing and design policy to answer the requirements of a digital world.

"The key to our industrial success, is also the invention of a new mentality, a new dynamic," the French minister added. Endit