This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise.

India and France have signed a declaration of their intent to establish a partnership on advanced and small modular nuclear reactors, the Indian foreign ministry said on Wednesday during Prime Minister Narendra Modi's visit to the country.

The partnership with France comes as India takes steps to ramp up its nuclear power sector to achieve net-zero goals

India and France plan to work together on developing small modular nuclear reactors, India's foreign ministry said after Prime Minister Narendra Modi's visit to the country. Modi and French President Emmanuel Macron emphasised the importance of nuclear energy for "strengthening energy security" and transitioning towards a "low-carbon economy".

Follow Bloomberg India on WhatsApp for exclusive billionaire, business, and market analysis; India partners with France for nuclear reactors.

PM Modi’s trip to France, which is on its last leg, was a culmination of the advanced India-France relationship as he shared decisive moments with President Macron, a sign of growing friendship with P

India and France on Wednesday expressed an intent to jointly develop modern nuclear reactors, emphasising that nuclear power was crucial for energy security and transition to a low-carbon economy.

The India-France road map on AI will focus on the “development of safe, open, secure and trustworthy artificial intelligence”, the joint statement said