Indian Samta energy group is set to invest over US $100million in the development of mining and mineral processing activities in Morocco.
The company revealed the plans and said they eye the country as it has become a leading investment destination thanks to the optimal business atmosphere and clear and fast administrative procedures.
“We aim to be a partner of Morocco for the improvement of the overall economic well-being by emphasizing sustainability and transparency. The investment will be implemented over the coming five years,” said the group.
Diversifying in Morocco
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.