Emmanuel Macron Announces 30 Billion Euro Plan To Re-Industrialise France
NDTV
Over the next decade, France will aim to become a global leader in green hydrogen and put two million electric or hybrid cars on the roads, said French President Emmanuel Macron.
President Emmanuel Macron on Tuesday announced a plan worth 30 billion euros ($35 billion) to re-industrialise France, saying the country should reclaim its crown as a global leader in innovation.
Speaking at the Elysee Palace six months before a presidential election and one month ahead of a UN climate summit, Macron said France had taken key decisions "15-20 years later than some of our European neighbours" and now needed 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 past, he told an audience of company leaders and university students.
France, he said, needed to return to "a virtuous cycle" which consisted of "innovating, producing and exporting and in that way finance our social model".