France is one of India's most significant allies in building a self-sufficient defense industrial and technological foundation, the statement informed, adding that the co-development and co-production of cutting-edge defense technologies for the benefit of third nations is a collaborative commitment of India and France.

To this end, both countries are also working towards adopting a Roadmap on Defence Industrial Cooperation, it added.

Amid growing cooperation in the defense sector between the two nations, India is setting up a technical office of the DRDO (Defence Research and Development Organisation) at its embassy in Paris, according to the India-France joint statement on Friday.