Narendra Modi, Emmanuel Macron jointly inaugurate Indian consulate in Marseille

Modi earlier in the day said the new consulate will increase people-to-people linkages between the two countries.

Modi is currently on a three-day visit to France.

He attended the AI Action Summit in Paris on Tuesday.

Earlier in the day, Modi visited the Mazargues War Cemetery, Marseille, and paid tributes to soldiers who died in the First and Second World Wars.

CEO Forum

Prime Minister Narendra Modi Tuesday pitched India's potential as a favoured global investment destination based on its stable polity and predictable policy ecosystem as he addressed the 14th India-France CEOs Forum in Paris.

Addressing the forum jointly with French President Emmanuel Macron, PM Modi the expanding India-France business and economic collaboration and the impetus it has provided to the strategic partnership between the two countries.

The forum brought together CEOs from a diverse group of companies from both sides, focusing on sectors such as defence, aerospace, critical and emerging technologies, infrastructure, advanced manufacturing, artificial intelligence, life-sciences, wellness and lifestyle, and food and hospitality.

Talking of the reforms announced in the recent budget, PM Modi said: "The insurance sector was now open for 100% FDI and civil nuclear energy sector for private participation with focus on SMR and AMR technologies."

He also informed the forum of the customs rate structure being rationalised, and a simplified income tax code was being brought in to enhance ease of living.