Indian business delegation meets Moroccan minister
Morocco-India, Economics, 9/4/1999

Moroccan Minister of Trade, Industry and Handicraft Alami Tazi called Thursday Indian economic operators to seize the numerous business and trade opportunities in Morocco.

During a meeting with an Indian economic delegation comprising the CEO of Indian "Projects and Equipments Corporation Ltd" and a representative of Indian company "Fenner India," the minister hailed the improvement of trade exchanges between Morocco and India. The volume of trade is estimated at $350 million (3.5 billion DH), with India importing 75% of Moroccan phosphoric acid.

Tazi also cited the partnership signed in 1997 between the Moroccan state-owned phosphates company (OCP) and "Chambal fertilizers and Chemical" company of Indian group "Birla." The two companies set up a $230 million joint venture for the production of phosphoric acid.

The two countries' employers associations (Moroccan CGEM and Indian Industries Confederation) have also created a joint business council to endeavor to developing partnership relations between enterprises.

The Indian delegation will also meet with Moroccan business circles.

Previous Stories:
  Morocco, India examine tourism cooperation   (6/9/1999)
  Moroccan, Indian businessmen explore partnership possibilities   (5/26/1999)
  Morocco and India convene to avoid double taxation   (10/31/1998)

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