INSUBCONTINENT EXCLUSIVE:
(Reuters) - France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel
Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while.The bumper crop of
pledges, in sectors ranging from artificial intelligence to pharmaceuticals and energy, stood Macron in good stead as he hosted business
French presidency said the investments included 56 different business projects and could lead to the creation of 10,000 jobs.Microsoft said
it would invest 4 billion euros in France in its cloud and AI infrastructure, expanding its centres in Paris and Marseilles and adding a new
data centre in the eastern city of Mulhouse.Over the weekend, France said Amazon would announce a 1.2-billion-euro investment at the event,
investments will help build the data infrastructure critical to support fast-growing, home-grown start-ups like Mistral AI.Microsoft
on economic issues, that has left his party on a weak footing heading into EU parliamentary elections in June with the far-right far ahead
in the polls.Government officials did not give details on what public financial and other support were offered, but the state offers tax
credits for certain types of green investments and research and development.Projects aligning with public priorities like hydrogen or
computer chips often qualify for grants while local governments frequently make land available to foreign investors.Finance Minister Bruno
Le Maire said the foreign investments were the fruit of government efforts over the last seven years to cut corporate taxes, which far-left
parties say have been far too generous.Among other groups planning to boost their presence in France, drug companies Pfizer, AstraZeneca,
Novartis and GSK announced investments together worth over $1 billion.Estonian high-power energy storage firm Skeleton Technologies pledged
to invest 600 million euros over five years and create 300 jobs.Spain-based fertiliser group FertigHy planned to invest 1.3 billion euros in
KL1 are due to make investments worth together nearly 1 billion euros in producing materials or components for batteries.Macron was also
scheduled to meet officials from Chinese battery company SVOLT as France pushes to create a battery manufacturing hub in the north.Le Maire
was to host meetings on Monday with the CEOs of JPMorgan, Goldman Sachs, Morgan Stanley and Bank of America, among others.Source:
