Morocco’s industrial plan has made textiles the main concern. Five (5) projects are in progress and contracts have been authorized.
The Minister of Trade, Industry, Digital Economy and Investment would like to enlarge the involvement of industry in GDP from 14 percent to 23 percent by 2020 and produce 500 thousands manufacturing employment. 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. Consignments of vehicles climbed to MAD 2.97 billion in the first quarter of 2014, an increase of 43 percent over 2013, and the aviation sector has also seen a quick increase of 5.9 percent.
The industry generates more than 175 thousand works and exports approximately MAD 31 billion. The Minister has spoken conviction in the Moroccan textile industry’s capability 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 required to go through international markets.
One thing that’s constantly been to Morocco’s advantage is its closeness to Europe, and the other is the reasonably lower salary costs and the natural ability and intelligence of its employees, most of them are females. It is not simple to invest in a new apparatus throughout a worldwide decline but the newly signed arrangements are doing just that.