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Moroccan-indian Roundtable on Business, Investment Opportunities

Moroccan and Indian businessmen highlighted, on Saturday in Marrakech, the business and investment opportunities offered by Morocco and India to operators from both countries in various fields.

During a roundtable organized by the Confederation of Indian Industry (CII) and the General Confederation of Moroccan Enterprises (CGEM) on the sidelines of the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund, held in Marrakech, focus was laid on ways to promote business relations between companies in the two countries.

“Although geographically distant, Morocco and India enjoy centuries-old relations in terms of history, culture, traditions, and values, which pave the way for promising economic collaboration,” emphasized CGEM President Chakib Alj in an address during the debate.

Pointing out that the volume of trade between Morocco and India has grown steadily in recent years, topping the $6.5 billion mark by 2022, Alj noted that many Indian companies, such as Tata Motors, Mahandria, Samta, and HCL Tech, have placed their trust in Morocco for their investments.

For his part, R. Dinesh, President of the Confederation of Indian Industry, indicated that Moroccan-Indian relations “are undergoing a growing dynamic,” that India is already Morocco’s third-largest trading partner in terms of exports, and that Indian companies have a strong presence in Morocco.

The meeting was attended by several representatives of Indian organizations and companies, including State Bank of India, In-Solutions Global Limited, One97 Communications Ltd (Paytm), and Satguru Travel & Tourism Pvt.

Source: The North Africa Post