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French president wants to foster European digital giants
French President Emmanuel Macron delivers a speech during a meeting to support the French candidature for WorldSkills 2023 at the Elysee Palace in Paris, France, May 7, 2019. u00e2u20acu201d Reuters pic

PARIS, June 16 — French President Emmanuel Macron received yesterday around 100 European investors and entrepreneurs and a dozen ministers at an event aimed at boosting the continent’s digital sector.

"We have to build a stronger European ecosystem, and entrepreneurs must push governments to be more efficient than we are,” said Macron in remarks delivered in English and French.

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"We have to build stronger European champions,” that can compete with global giants based in China and the United States, he added.

Based on recommendations from a study group, the French president is aiming for 10 European companies with capitalisations of €100 billion (RM499.4 billion) each for 2030.

France will take over the rotating European Union presidency in 2022, and Macron wants to use the opportunity to create a European technical visa to draw foreign talent.

He also wants a common investment market and the mobilisation of industrial giants to spur innovation.

His administration would also like to see a start-up among the French CAC 40 blue chip companies by 2025. — AFP

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