So apparently the Indians are looking to tie up with the French for development of an engine for AMCA.
They've had discussions in the past, but the UK's Rolls-Royce was also in the mix. Now reports are coming out that New Delhi has selected Safran as their preferred partner. In the article, the claim is that Safran is offering 100% "tech transfer".
In addition, the Indians are currently in negotiation with the Americans to receive "80% tech transfer" from the US for its GE 414 engines. These negotiations are still ongoing.
India's AMCA engine is supposed to be 120 kN.
I don't think the US will ever do meaningful tech transfer, but France is a more interesting case. They haven't produced a new jet engine for a long time on their own. The LEAP was co-produced with the US. The M88 is the best fully domestic engine as far as I know and that was a long time ago. The French public finances are in dire straits and I suspect the French want Indian co-funding to continue development.
From what I understand, the French proposal is not a "clean slate" design but simply a scaled up M88. Wikipedia claims it would be named M88-4.
Whether the French would actually give a full tech transfer is anybody's guess, but it seems clear that they are stuck on their own due to lack of funding. For India, this might be the best bet. Although I suspect the French deep down would prefer to take Indian funding and then do minimal tech transfer. The problem for India is that nobody else is going to give them a better deal and their own efforts have been found wanting. I don't see any other realistic option here.