To make industrial compensation a vehicle for economic growth in the Kingdom is what the primary objective of the first “Elec Expo Forum “, organized by the National Federation of Renewable Electricity and Electronics (Fenelec).
The upcoming event will run from October 15 to 18 in Casablanca. Eventually, the Federation will organize a scientific convention on “Compensation in the industrial sector of electricity, electronics and renewable energy in Morocco.”
Highlighting the theme on industrial compensation, the unified Fenelec encourages the utilization of public procurement as a strategy to generate local value added, create technology clusters and the successful transfer of technology. The idea of encouraging foreign companies operating in Morocco to outsource production activities, support activities, to source locally and to foster the capacity of production and sub-contracting.
According to the Chairperson of the Committee, Industrial compensation is a necessity that countries can implement to ensure that the procurement of significant amount are accompanied by the assurance of the supplier to carry out economic activities.