Indian energy group Samta announced on Tuesday that it plans to invest more than $ 100 million in Morocco over the next five years.
“We are committed to investing more than $ 100 million over the next five years in the development of mining and mineral processing activities in Morocco,” said the Indian group in a statement.
Thanks to the optimal business atmosphere and clear and fast administrative procedures, Morocco has become a leading investment destination, argues the group specializing in mining and mining activities, renewable energies, fintech, biotechnology and blockchain and artificial intelligence.
“We aim to be a partner of Morocco for the improvement of the overall economic well-being by emphasizing sustainability and transparency”, notes the same source.
The Indian group affirms “to have carried out, at the initiative of the Moroccan embassy in India, a single visit to Morocco which was enough for him to decide to invest there and during which, he met, among others, the officials of the Moroccan Agency for Investment and Export Development (AMDIE) ”.
AMDIE and the Moroccan Embassy in India, it is recalled, recently organized a Roadshow in India aimed at the presentation and promotion of Morocco’s new investment and export brand, “Morocco Now”.
The tour has set itself the objectives of highlighting the assets and potentials available to the Kingdom and promoting the supply of a Moroccan industry at the cutting edge of technology, meeting the needs of global demand.
“We were extremely happy to have a meeting with the Moroccan Ambassador to India and the AMIDE delegation during the Roadshow + Morocco Now +, during which we reaffirmed our commitment with the appointment, there is a few days, from our representative in Morocco, ”notes the Indian group, which said it was determined to expand and diversify its investments in Morocco.