Morocco and India, which have enormous assets and potential, are called upon to strengthen their cooperation in terms of bilateral investment, said Friday in Bangalore (southern India), the Indian Minister of New Technologies, Biotechnology and Technical Sciences, State of Karnataka, Ashwath Narayn.
With its strategic position as a bridge between Europe and Africa, its highly skilled human resources, and its very favorable investment climate, Morocco is well positioned to attract Indian investment, said Narayn in a statement to MAP, after a meeting with Director General of the Moroccan Agency for the Development of Investment and Exports (AMDIE), Youssef El Bari, and the Moroccan Ambassador to India, Mohamed Maliki.
This meeting is part of a roadshow launched in India at the initiative of AMDIE and the Embassy of Morocco to promote the initiative "Morocco Now" which aims to highlight the assets and potential of the Kingdom and promote the offer of an industry at the forefront of technology, meeting the needs of global demand.
The investment climate in Morocco offers many opportunities for Indian companies to settle and expand, noted the Indian official, adding that the areas of high technology, biotechnology, engineering and automotive are high value-added sectors on which investments should focus as they are a good area of cooperation.
Known as the "Silicon Valley of India", Bangalore is home to giant innovation centers and emerging high-tech companies. With a population of 12 million, Bangalore has focused its development on high tech and is home to approximately 35% of India's IT sector employees.
Launched by AMDIE, "Morocco Now" aims to promote Morocco as a leading industrial and export platform to accelerate foreign investment.
"Morocco Now" also intends to strengthen Morocco's position in the international trade and investment arena to seize the opportunities of a changing world where new requirements for economic actors, such as environmental urgency, consumer pressure and new regulations, make it essential to adopt decarbonized production.
