Paris:
President Emmanuel Macron on Tuesday announced a strategy worth 30 billion euros ($35 billion) to re-industrialise France, saying the nation ought to reclaim its crown as a worldwide leader in innovation.
Speaking at the Elysee Palace six months prior to a presidential election and one month ahead of a UN climate summit, Macron stated France had taken important choices “15-20 years later than some of our European neighbours” and now necessary to “to become again a nation of innovation and research”.
The spending was to address “a kind of growth deficit” for France brought on by insufficient investment in the previous, he told an audience of corporation leaders and university students.
France, he stated, necessary to return to “a virtuous cycle” which consisted of “innovating, producing and exporting and in that way finance our social model”.
Over the next decade, France would aim to turn out to be a worldwide leader in green hydrogen and place two million electric or hybrid vehicles on the roads, he stated.
Macron stated France would also invest 1 billion euros by 2030 in “disruptive innovation” to create atomic energy, notably by designing smaller-size nuclear reactors.
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