Indian Samta group to invest over $100 million in Morocco
Indian Samta energy group announced on Tuesday that it plans to invest more than $100 million in Morocco over the coming 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”, said the group.
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 it to decide to invest there.”
During the visit, the group members met, among others, the officials of the Moroccan Agency for Investment and Export Development (AMDIE).
AMDIE and the Moroccan Embassy in India have recently organized the “Morocco Now” roadshow in India aimed at the presentation and promotion of Morocco’s new investment and export brand.
The roadshow was an opportunity to highlight the kingdom’s assets and potentials and promote 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 of our representative in Morocco, a few days ago,” notes the Indian group, which said it was determined to expand and diversify its investments in Morocco.