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India, Morocco sign pact to promote mineral exploration

Press Trust of India  |  New Delhi 

has inked a pact with under which focus would be laid on evaluation of potential mineral resources and promoting exploration and through participation of both public and private sector.

"After the bilateral discussions, an MoU (Memorandum of Understanding) in the field of and Geology for a period of 5 years was signed by both the countries," the mines ministry said in a statement.

The focus of the MoU is on the development of the for Geoscience Maps and geochemical maps, strengthening geological research and evaluation of the potential of mineral resources, promoting exploration and through participation of both public & private sector etc.

Aziz Rabbah, of Energy, Mines and Sustainable Development of Kingdom of held discussions with Mines here today.

Tomar also informed the that the is a pioneer exploratory agency in exploration and is willing to assist Morocco in geological mapping and mineral exploration, the statement said adding that a specialized can train the professionals of Morocco.

"Rabbah...was impressed with the profile of the Indian mining industry. He expressed that can make huge investments in Morocco in the field of automobile, textile, aerospace, agro and electronic industries. A road map for mining sector to increase the GDP by about 30 per cent has been drawn.

He stated that joint venture and B2B between Morocco and India for minerals would be welcome to improve the and neighbouring markets as well," the statement said.

It was suggested by the Indian side that first meeting under the MoU may be held within six months.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 22:15 IST