Economy

Morocco Participates in the 8th Edition of the Bengal Global Business Summit in India

Morocco is participating, as a partner country, in the 8th edition of the Bengal Global Business Summit (BGBS), which began Wednesday in Kolkata, eastern India.

This major two-day event provides a platform for the Kingdom to be represented by Mohamed Maliki, Morocco’s ambassador to India. In his evening address, the ambassador underscored the importance of the historical and strategic relations between Morocco and India, characterized by thriving economic cooperation and a constantly expanding partnership.

In this context, Mr. Maliki highlighted that Morocco is the first country to host an Indian investment in the defense sector outside the subcontinent, a symbolic milestone reflecting the strength of bilateral ties and mutual trust between the two nations.

The ambassador also emphasized Morocco’s economic strengths, including its macroeconomic stability, attractive business environment, and modern infrastructure, positioning the Kingdom as a preferred destination for international investors. He specifically mentioned Morocco’s strategic potential in key sectors such as automotive, aerospace, and tourism.

Mr. Maliki also discussed the prospects for cooperation between Morocco and the state of West Bengal, particularly in tourism, agriculture, and sports, with a special focus on football.

Additionally, Morocco is distinguishing itself at this event with a dedicated pavilion that showcases the Kingdom’s economic dynamism and strategic sectors. This pavilion offers visitors an insight into investment opportunities.

The BGBS is the flagship economic event of the West Bengal government, held biennially to bring together policymakers, business leaders, economic delegations, and investors from around the world, aiming to promote the region as a prime destination for national and international investments.

This edition of the summit features plenary sessions and sectoral workshops focused on key areas such as manufacturing, agriculture, international trade, logistics, health, and education. The summit is also set to include B2B and B2G meetings, allowing companies to strengthen their partnerships and explore new business opportunities.

West Bengal, which is the largest economy in eastern India, shares its borders with the states of Jharkhand, Bihar, Odisha, Sikkim, and Assam, as well as with three neighboring countries: Bangladesh, Bhutan, and Nepal. The state is experiencing rapid economic growth, with a gross domestic product estimated at 18.79 trillion rupees (approximately 215 billion dollars) for the fiscal year 2024-2025. It is home to strategic sectors such as manufacturing, information technology, cement, leather, steel, and textiles, making it a true industrial hub.

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