Minister Delegate to the Head of Government in charge of Investment, Convergence and the Evaluation of Public Policies, Mohcine Jazouli, emphasized, Monday in New Delhi, the economic resources and business opportunities that Morocco offers.
Jazouli stated, during his speech as the guest of honor of the 12th edition of MASSMERIZE, which was hosted by the Federation of Indian Chambers of Commerce and Industry, that Morocco built a world-class infrastructure network in just 20 years, encompassing ports, roads, airports, and industrial estates.
The Minister stressed that under the wise leadership of His Majesty King Mohammed VI, the Kingdom has undertaken major reforms across the country and was able to transform weaknesses into strengths, noting that Morocco implemented ambitious sectoral strategies that helped the economic sectors to succeed in creating complex and interconnected industrial ecosystems.
In this regard, the official said that the automotive industry is Morocco’s first export sector, with a production capacity of nearly 1 million vehicles per year, noting that Morocco has become, in just a few years, the largest exporter of vehicles to Europe, outside the European Union.
Jazouli added that the wise leadership of His Majesty the King paved the way for new investment in the renewable energy sector, noting that almost 40% of the Kingdom’s electricity is generated through renewable sources.
He further expressed his pleasure at participating in this edition of MASSMERIZE, which aims to maintain a positive dialogue between the public and private sectors, forecast market trends, and investigate business opportunities.
This edition of MASSMERIZE was marked by the presence of the Indian Minister of Commerce and Industry, Shri Piyush Goyal, the Moroccan Ambassador to India, Mohamed Maliki, and other officials.
Jazouli’s agenda for this visit to India, organized by the Moroccan Agency for the Development of Investment and Exports (AMDIE) and the Moroccan Embassy in India, includes a series of meetings with ministers, investors, and representatives from major Indian companies.
This visit is the second of its kind in the past 2 years and it aims to strengthen the mutual identification of investment opportunities and enhance partnerships between the two countries.