Morocco is largest exporter of vehicles to Europe, outside EU, says Jazouli
Morocco wants to work with India on renewable energy with special focus on green energy, says Mohcine Jazouli, Minister Delegate to the Head of Govt, in-charge of Investment, Convergence and Evaluation of Public Policies.
“Our two countries share a lot of values and similarities, and our goal is to transform Morocco as the leading player in the area of renewable energy with special focus on green energy,” he said at the 12th edition of ‘MASSMERIZE 2023’, organized by FICCI on 6 Mar 2023.
Jazouli shared that investors have helped build the renewable energy sector, which is now generating almost 40% of the Kingdom’s electricity through renewable sources.
He has also highlighted the Kingdom’s economic resources and business opportunities, pointing out that Morocco has built a world-class infrastructure network in just 20 years, encompassing ports, roads, airports and industrial estates.
The Minister stressed that the Kingdom has undertaken major reforms across the country and was able to transform weaknesses into strengths.
Morocco, he said, has implemented ambitious sectoral strategies that helped the economic sectors to succeed in creating complex and interconnected industrial ecosystems.
The automotive industry is Morocco’s first export sector with a production capacity of nearly one million vehicles per year.
Morocco has become the largest exporter of vehicles to Europe, outside the European Union in just a few years.
Having participated in MASSMERIZE, the visiting Minister said he hoped to maintain a positive dialogue between the public and private sectors, forecast market trends and investigate business opportunities.
Jazouli’s visit to India was organized by the Moroccan Agency for the Development of Investment and Exports (AMDIE) and the Moroccan Embassy in India.
He held a series of meetings with ministers, investors and representatives from major Indian companies.
It was a second visit in the past 2 years to strengthen the mutual identification of investment opportunities and enhance partnerships between the two countries. fiinews.com
