India and Morocco launch Chamber of Commerce and Industry

Posted on:01 Jun 2016 14:28:30

India and Morocco launch Chamber of Commerce and Industry
01 June 2016 Current Affairs: India and Morocco has  launched the India-Morocco Chamber of Commerce and Industry (IMCCI) in Rabat, Morocco on 31 May 2016.

The chamber was jointly launched by visiting Vice President Hamid Ansari and Moroccan Prime Minister Abdelilah Benkirane.

The IMCCI was launched to accelerate the pace of economic development between the two nations.

Morocco has recently emerged as a favoured destination for investments by Indian firms that Indian companies have cumulatively invested more than 320 million US dollars in Morocco, including in the flagship project, the Indo-Maroc Phosphore SA joint venture.

Besides, India and Morocco have concluded five Memorandums of Understanding (MoUs) covering fields as diverse as water resources, television broadcasting, institutional cooperation and cultural and educational exchanges, further providing venues for enhanced cooperation.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

28 JULY
NEWS
27 JULY
NEWS
26 JULY
NEWS
25 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS