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Macron announces 30-billion-euro plan to re-industrialize France

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France’s President Emmanuel Macron gestures as he speaks during the presentation of “France 2030” investment plan at the Elysee Presidential Palace in Paris, on October 12, 2021. (Photo: AFP)
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PARIS — President Emmanuel Macron on Tuesday announced a plan worth 30 billion euros ($35 billion) to re-industrialize France, saying the country should reclaim its crown as a global leader in innovation.اضافة اعلان

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 to 20 years later than some of our European neighbors" and now needed "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, Macron said, needed 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 will aim to become a global leader in green hydrogen and put two million electric or hybrid cars on the roads, he said.
Macron said France would also invest one billion euros by 2030 in "disruptive innovation" to produce atomic power, notably by designing small-size nuclear reactors.

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