Morocco’s industrial plan has made textiles a main concern. Five projects are in progress and contracts have been signed.
The Minister of Industry, Trade, Investment and Digital Economy would like to enlarge the involvement of industry in GDP from 14% to 23% by 2020 and produce 500,000 manufacturing employments. The Minister has called for multiplied work formation and value added and is pursuing a strategy of increasing dynamic eco systems and groupings of industry divisions. This has already been successful in the automotive industry which has gone beyond the textile industry in the total earned by sell abroad. Shipments of vehicles climbed to MAD 2.97 billion in the first three months of 2014, an increase of 43% over 2013, and the aviation sector has also seen a rapid increase of 5.9%.
The industry generates more than 175,000 works and exports approximately MAD 31 billion. The Minister has expressed assurance in the Moroccan textile industry’s ability to face and conquer challenges. He highlighted the need to focus on job creation and value.
Meanwhile, there are some companies employed thousands of textile manufacturers gone astray due to global rivalry, but Morocco’s textile industry has positively survived regardless of very tight and strong rivalry. The necessity to diminish and unite the Moroccan textile industry has been established by the textile association AMITH which also identifies a plan and policy was needed to go through international markets.
One thing that has always been to Morocco’s benefit is its nearness to Europe, and the other is the comparatively lower wage costs and the natural skill and cleverness of its employees, majority of them are women. It is not simple to invest in new apparatus throughout a worldwide decline but the newly signed arrangements are doing just that.