**Executive Summary**
The document is a rendering of the Prime Minister's speech during the inauguration of the India-France Innovation Forum in Mumbai on February 18, 2026. The speech highlights the strong innovation-focused relationship between India and France, and announces the celebration of 2026 as the India-France Year of Innovation. It also references the "Bharat Innovates 2026" event in France in June 2026.
**Key Points / Main Content**
* **India-France Relationship:**
* The relationship is built on innovation, trust, and shared values.
* 2026 is designated as the India-France Year of Innovation.
* Collaboration has elevated ties to a Special Global Strategic Partnership.
* **India's Innovation Ecosystem:**
* India is the world's third-largest startup ecosystem.
* The number of unicorns has grown from 4 in 2014 to over 120, with a combined valuation exceeding $350 billion.
* Atal Innovation Mission will complete a decade on February 24th.
* More than 10,000 tinkering labs are engaging over 10 million students and innovators.
* **Government Initiatives and Focus:**
* Startup India 2.0 mobilizes capital for deep-tech innovation.
* Strengthening the innovation ecosystem is emphasized in the budget.
* Labs will be established in 15,000 schools and 500 colleges.
* Emphasis on AI, quantum technologies, biotechnology, semiconductors, and clean energy, as well as textiles, chemicals, sports goods, etc.
* **Women in Innovation:**
* India is becoming a shining example of women-led research and innovation.
* Nearly 50% of startups have at least one woman director.
* **Future Collaboration:**
* India's tech startups will be showcased in France under “Bharat Innovates 2026” in June 2026.
* France aims to host 30,000 Indian students by 2030.
**Impact Analysis**
**CEOs, Investors, and Universities from France and Across the World**
* **Impact:** Invited to join hands with India to build a future where technology serves humanity and progress.
* **Action Required:** Engage with India to leverage technology for global challenges.
**Indian Tech Startups**
* **Impact:** Opportunity to showcase their solutions on a global stage in France at "Bharat Innovates 2026."
* **Action Required:** Prepare to participate in the “Bharat Innovates 2026” event in France.
**Industry Leaders Present at the Forum**
* **Impact:** Urged to actively engage with the Atal Innovation Mission.
* **Action Required:** Explore opportunities to collaborate with the Atal Innovation Mission.
**Indian Students**
* **Impact:** France aiming to host 30,000 students by 2030.
* **Action Required:** To harness the opportunities that may be available to study in France.
Key Entities Referenced
Startup India: A program by the Indian government to promote startups and innovation.
Atal Innovation Mission: A flagship initiative to promote a culture of innovation and entrepreneurship.
India-France: Refers to the bilateral relationship, particularly regarding innovation and technology collaboration, between India and France.
Mumbai: The city where the India-France Innovation Forum was inaugurated.
Prime Minister's Office
English rendering of PM’s speech during
inauguration of India-France Innovation Forum in
Mumbai
Posted On: 18 FEB 2026 12:07PM by PIB Delhi
Your Excellency, my dear friend President Macron, innovators from both nations, greetings! Bonjour!
Today, two of the world’s great innovation hubs are coming together. When we speak of India and France,
our relationship is not only about innovation but also about trust and shared values. With this spirit,
President Macron and I have decided to celebrate the year 2026 as the India–France Year of Innovation.
This is not just a celebration; it is our shared commitment - a commitment to innovate, a commitment to
lead.
Friends,
India and France have worked together across many strategic technology sectors. The trust built through
this collaboration has elevated our ties to the level of a Special Global Strategic Partnership. In the years
ahead, our collective creativity across every sector will help secure a brighter future for the entire world.
Friends,
Throughout thousands of years of its journey, India has innovated for human welfare in fields such as
mathematics, medicine, metallurgy, and architecture. In the 21st century, India’s youth are carrying
forward this tradition with the motto “Innovate for Global Good.” From India’s vibrant startup ecosystem
to our world-class research laboratories, a new can-do optimism is emerging. In just a decade, the Startup
India program has made India the world’s third-largest startup ecosystem. In 2014, India had only four
unicorns; today, we have more than 120, with a combined valuation exceeding 350 billion dollars - nearly
300 billion euros. Today, almost every major global technology company is connected in some way with
India’s startups and innovations.
Friends,
Over the past decade, we have built a conducive ecosystem for innovation - from schools to industries.
From Atal Tinkering Labs in schools to mentorship, scholarships, and startup capital, a strong network
now exists. India today hosts one of the world’s largest hackathon ecosystems. Private sector research
innovation schemes provide direct support, while Startup India 2.0 mobilizes capital for deep-tech
innovation.
Friends,
Our Atal Innovation Mission will complete a decade on 24 February. In this short span, it has become one
of the world’s largest grassroots innovation missions. More than 10,000 tinkering labs are engaging over
10 million students and innovators. The mission has also nurtured over 100 incubators and many deep-
tech startups. I urge all industry leaders present here to actively engage with the Atal Innovation Mission.
Friends,The journey of a Viksit Bharat - a developed India - needs innovation as its engine. That is why this year’s
budget has emphasized strengthening the innovation ecosystem. To boost content creation, labs will be
established in 15,000 schools and 500 colleges. We are working in mission mode in areas such as AI,
quantum technologies, biotechnology, semiconductors, and clean energy. Alongside, we will promote
innovation in textiles, chemicals, sports goods, precision tools, electronics, infrastructure - in every sector.
Friends,
We take great pride in the fact that India is becoming a shining example of women-led research and
innovation. Today, nearly 50 percent of startups have at least one woman director. A large number of
young women are graduating in STEM fields. Whether in agriculture, healthcare, or space missions -
women are leading everywhere.
Friends,
When India’s speed and scale combine with France’s strength, new pathways open for the world. Today,
the best minds from both countries have come together. Both nations are welcoming each other’s talent
with open hearts. France has set a goal of hosting 30,000 Indian students by 2030. This is a remarkable
effort to harness the synergy of young energy and young minds.
Friends,
The year 2026 is a truly special one for India–France relations. It will deepen people-to-people exchanges
and expand industry-to-industry partnerships. Just as we are gathered here in India today, in June 2026 we
will showcase India’s finest tech startups in France under “Bharat Innovates 2026.” These startups are
creating solutions to global challenges such as health, climate, and security.
Friends,
I warmly invite leaders, CEOs, investors, and universities from France and across the world. Let us join
hands with India to build a future where technology serves humanity and progress is inclusive. With this
spirit, I extend my heartfelt best wishes to all of you. I am deeply grateful to my friend - for the time he
has given, for the thoughtful words he has spoken, and for the trust he has expressed in the India–France
relationship. As a true friend and as a symbol of the strong friendship between India and France, I convey
my sincere gratitude. Thank you very much.
****
MJPS/VJ
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