According to MAP, the National Defense Administration and Tata Advanced Systems Limited (TASL), a subsidiary of the international conglomerate Tata Group, have entered into a strategic partnership aimed at the local production of the WhAP 8×8 ground combat vehicle. The manufacturing structure will be called: TATA Advanced Systems Maroc (TASM)
According to a press release from the National Defense Administration (ADN), this project also strengthens the historic ties between Morocco and India, two emerging economies whose strategic cooperation in the defense sector is growing.
The investment agreement, which provides for the system of financial, tax and customs incentives, was signed by the ministers representing the departments of National Defense, Interior, Finance, Industry and Investment.
Satisfy local demand and export
The signing of this investment agreement comes to meet local demand and export to foreign markets, underlines the press release, adding that this echoes the ambition of Morocco and TASL to jointly develop cooperation links South-South and a regional hub for the production of defense mobility equipment.
The partnership between DNA and TASM is part of a broader dynamic of development of the defense industry in Morocco, with the objective of gradually building strategic autonomy, notes the press release, specifying that the factory will benefit from local supply sources, supporting the Kingdom’s industrial ecosystem and creating new employment opportunities.
A start-up local integration rate of 35%
TATA Advanced Systems Limited, already recognized for its global expertise in the manufacturing of defense systems, becomes one of the first international players to invest in Morocco in this sector. This project not only contributes to meeting local needs, but also aims to make Morocco an emerging regional player in the defense industry, underlines the same source.
Said project will be carried out within a maximum period of thirty-six (36) months with a start-up local integration rate of 35%, eventually increasing to 50% and will result in the creation of 90 direct and 250 indirect jobs.
Investors can expect a promising outlook, driven by growing demand for defense vehicles and TASL’s involvement in an integrated production model. This strategy benefits from the advantages of efficient local sourcing and the availability of a qualified workforce, the press release concludes.
With MAP
Par The editorial staffEditorial Committee – Casablanca
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