January 13, 2021
1 min read

Macron to invest $600mn in space

The two-year investment plan will cover innovations related to carrier rockets, speed up our projects and allow us to go faster in global competition,”said Macron…reports Asian Lite News

French president Emmanuel Macron

France will invest 500 million euros ($609.5 million) in boosting innovation in the space industry in an attempt to battle outgrowing US and Asian competition, President Emmanuel Macron has said.

During his visit to ArianeGroup aerospace company in Vernon in northern France on Tuesday, Macron said the two-year investment plan “will cover innovations related to carrier rockets, speed up our projects and allow us to go faster in global competition,” Xinhua news agency reported.

He said that 30 million euros will be invested in the development of new rocket engine and hydrogen propulsion technologies, stressing that “France must remain a country of innovation and production where there is a future for space.”

“This is the area that has seen growing American and Asian competition in recent years. … That is why we need to organise ourselves, reduce undue intra-European competition, continue European investment and innovate more,” he said.

Also read:France, UK border to stay closed

Previous Story

Roadblock as farmers refuse to accept committee

Next Story

Khattar confident on Haryana coalition

Latest from -Top News

India-EU Trade Talks Resume

The proposed India-EU FTA covers 23 policy areas, or chapters, of which at least two – market access and rules of origin – have yet to be resolved….reports Asian Lite News India

India Launches Relief Ops in Bhutan

The Royal Government of Bhutan has expressed sincere gratitude to the Indian Army…reports Asian Lite News Amid unprecedented floods caused by a low-pressure system over the Bay of Bengal, relentless rainfall has

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on

Rajnath Singh Heads to Australia for Key Defence Talks

The visit comes at a historic moment when India and Australia commemorate five years of establishment of India-Australia Comprehensive Strategic Partnership…reports Asian Lite News Defence Minister Rajnath Singh will visit Australia from
Go toTop