India, France unveil deals worth upto $ 20 bln

France's President Nicolas Sarkozy on Monday unveiled upto $ 20 billion worth of defence, atomic energy and civil aviation deals with emerging market giant India during a four-day trip to the country.

Following are details of signed deals between India and France, agreements close to completion, and possible future deals:

Signed deals:

AREVA: In a deal estimated at 7 billion euros ($ 9.3 billion), French nuclear power group Areva signed a framework agreement with state-owned Nuclear Power Corporation of India to provide two water pressurised reactors to a site in the western state of Maharashtra.

Construction for the reactors, the first in a series that France is expecting to supply, will start next year and operations will start by 2018. The deal includes the supply of reactor fuel for 25 years.

AIRBUS: State-owned carrier Air India and private airline Jet Airways signed contracts to lease four and 10 Airbus A330 aircraft respectively from the European group Airbus, in separate deals worth a total of 2.8 billion euros ($ 3.7 billion) based on the catalogue price.

MICHELIN: French tyre maker Michelin signed a protocol contract with the southern Indian state of Tamil Nadu to invest around 600 million euros in a factory. Read More