Indian IT giant HCL Technologies to invest in outsourcing sector in Morocco

Morocco and India’s technology giant Hindustan Computers Limited (HCL) signed over the weekend an agreement on an investment project meant to boost technology cooperation.

In a joint communique released following the signing ceremony Saturday in Noida, India, the two partners indicated that the agreement underlines HCL’s determination to invest in Morocco in the outsourcing sector.

The project is expected to create thousands of high-value-added jobs in the outsourcing sector, particularly in the field of coding, software, and information technology (IT) services.

This strategic initiative by HCL Technologies will allow it to expand its production and delivery capacities on a global scale, relying on Morocco’s strategic position, as well as its connectivity and the capital of Moroccan IT talent.

This memorandum of understanding marks an important strategic choice for the Indian market, which represents more than 52% of the global IT outsourcing market. For its part, Morocco is now among the top 3 outsourcing destinations in Africa.

The Moroccan Ministry of Industry announced recently plans to invest $5 million in the outsourcing sector. The investment seeks to generate 5,000 new jobs by 2026 across major cities in the North African country , namely  Tangier, Fez, Rabat, Casablanca, and Agadir.

Recent data shows that the number of employees in the outsourcing sector in Morocco stands at 120,000 with a turnover of $1.3 billion in 2021.

The MoU was initialed by Moroccan Minister for Digital Transition and Administrative Reform, Ghita Mezzour, and the HCL President Roshni Nadar Malhotr.

The Indian group operates in fifty countries and employs more than 200,000 people worldwide with a turnover of more than 11 billion dollars  in 2022.