An Indian delegation was recently in Rabat for the India-Morocco defence industry seminar focussed on opportunities in the defence sector
Recently, the India-Morocco defence industry seminar in Rabat, Morocco, focused on expanding defence cooperation, with Morocco offering a profitable, zero-bureaucracy environment for Indian companies.
- As per recent data, India’s total defence exports, surging from Rs 686 crore in FY 2013-14 to Rs 21,083 crore in FY 2023-24.
- Defence collaboration with global partners like Morocco will boost production capabilities through technological advancements, increased investment, and global collaboration, enhancing self-reliance.
- Tata Group’s establishment of India’s first defense manufacturing facility in Morocco underscores the “Make in India” initiative, enhancing India’s technological capabilities, especially in advanced systems like the WhAP 8×8 ground combat vehicle.
- Morocco’s investor-friendly environment and its extensive network of Free Trade Agreements with 90 countries open new markets for Indian defence exports, particularly in Africa and Europe.
- Morocco:
- Bordered by Algeria (east), Western Sahara (south), the Atlantic Ocean (west), and the Mediterranean Sea (north), and the Strait of Gibraltar separating it from Spain.
- India exports USD 83.9 million and imports USD 162 million from Morocco.
