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French firm to create 4,000 jobs under Make in India

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France-based is expected to create 4,000 jobs under the Make in India initiative if it succeeds to source key components for its global ocean thermal projects in India.

French firm might create 4,000 jobs under Make in India
The Indian Navy is also planning to set up an OTEC plant in the Andaman Islands off Port Blair

In February 2016, DCNS participated in International Fleet Review (IFR) and Make in India week and showed a keen interest in contributing to India’s Make in India initiative.

According to the sources, the company is currently completing work on Scorpene submarine contract and focusing on India for its future Ocean Thermal Energy Conversion projects.

It is expected that the OTEC project might have local content of more than 60 per cent of order values and over a span of 4-5 years it will create as many as 4,000 jobs under Make in India project.

The Indian Navy is also planning to set up an OTEC plant in the Andaman Islands off Port Blair.

With the initiation of such projects, it is expected that it will put Indian companies on the global supply chain. Reportedly, DCNS is trying to crack a deal with companies like and to manufacture critical parts of the project in India.