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French President Emmanuel Macron announces 30 billion euro plan for the re-industrialization of France

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President Emmanuel Macron spoke at the Elysee Palace six months before the presidential election. (file)

Paris:

President Emmanuel Macron on Tuesday announced a 30 billion euro ($35 billion) plan to re-industrialize France, saying the country should reclaim its crown as a global leader in innovation.

Speaking at the Elysee Palace, six months before the presidential election and a month before the UN climate summit, Macron said France had made important decisions “15-20 years later than some of our European neighbours” and is now “again”. to become one”. Nation of Innovation and Research”.

He told an audience of company leaders and university students that the spending was done to address “a kind of growth deficit” for France, brought on by inadequate investments in the past.

France, he said, needed to return to “a virtuous cycle” that “involves innovation, production and exports and thus finances our social model”.

He said that over the next decade, France would aim to become the global leader in green hydrogen and put two million electric or hybrid cars on the roads.

Macron said France would invest 1 billion euros in “disruptive innovation” to produce nuclear power by 2030, especially by designing small-sized nuclear reactors.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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