Moroccan-Indian businessmen undertake to consolidate cooperation
Morocco-India, Economics, 6/25/2001

Moroccan and Indian businessmen have voiced commitment to consolidating economic and commercial cooperation between Morocco and India.

The businessmen, who started Monday in Casablanca a meeting of the Moroccan-Indian business council, called for diversifying trade exchanges between the two countries private sectors.

Mohamed Berrada, director-general of the Moroccan Phosphates Corporation (OCP) and co-chairman of the council, urged economic operators to double efforts in a bid to boost bilateral cooperation.

For Hassan Chami, President of the Moroccan industrial federation (CGEM), Morocco and India have covered important steps in the promotion of their bilateral cooperation. He lauded the joint actions led by CGEM and the Indian peer (CII). These actions, he said, were materialized by the accords concluded between the OCP and India's Chambal Birla Group. The two groups are bound by an investment of $ 230 million.

Chami also cited partnership accords binding Moroccan and Indian firms, especially in the realms of computers, power, pharmaceuticals, constructions and textile.

This cooperation can be enlarged to encompass other promising sectors, such as agri-business, agricultural equipment, car-making and sea products.

India's ambassador to Morocco, I.S. Rathore, for his part, called for more efforts to develop cooperation ties between Moroccan and Indian private sectors. He stressed that the recent visit King Mohammed VI paid to India helped lay down the foundations for a new and fruitful cooperation between the two nations.

Morocco is henceforth considered as major partner and it is a duty for the two countries' businessmen to multiply actions and exchange more visits to fructify all business opportunities offered by the two countries, Rathore insisted.

The diplomat added that trade exchanges between his country and Morocco, presently standing at $ 445 million, can reach $ 1 billion on the medium run.

Arun Bharat Ram, who heads the delegation of the Indian industrial federation, said King Mohammed VI's visit to India was a historic event. He recalled that the king's trip was crowned with the conclusion of several cooperation accords covering, among others, the sectors of investments protection, tourism, agriculture, telecommunications and transportation.

It up to the two countries' investors to develop their ties, he said, calling Indian small and medium enterprises to draw benefit from cooperation relations with their peers in Morocco, which is, he said, a gateway to Europe and Western Africa.

Previous Stories:
  Moroccan-Indian business council to meet on june 25   (6/18/2001)
  India, Morocco agree to raise bilateral trade to over $1 billion   (3/1/2001)
  Moroccan-Indian-Made Computer Presented to King Mohammed VI   (2/28/2001)

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