Morocco, TATA Group Forge Strategic Partnership for WhAP 8×8 Production

27 September 2024
Morocco, TATA Group Forge Strategic Partnership for WhAP 8×8 Production

Assahafa.com

In a tactical move towards modernizing the operational capacities of the Royal Armed Forces (FAR), Morocco has teamed up with TATA Advanced Systems Limited (TASL), a subsidiary of the Tata Group, to produce the WhAP 8×8 armored combat vehicle domestically.

The Ministry of National Defense announced that this project is a systematic step toward deepening the historical ties between Morocco and India, two emerging economies increasingly collaborating in the defense sector.

This collaboration is also part of a broader initiative to expand Morocco’s defense industry, achieve strategic autonomy,  and position Morocco as a burgeoning regional player in the defense industry.

Set to be completed within thirty-six months, the project will start with a local integration rate of 35%, expected to increase to 50%. It is projected to generate 90 direct jobs and 250 indirect jobs.

The investment agreement, which features financial, fiscal, and customs incentives, was signed by ministers from various departments—including National Defense, Interior, Finance, Industry, and Investment—alongside officials from the FAR General Staff and the Moroccan Agency for Investment and Export Development (AMDIE).

The agreement seeks to meet local demand while boosting exports to international markets, aligning with Morocco’s and TASL’s goals of bolstering South-South cooperation and establishing a regional hub for defense mobility production.

It also positions Morocco as a key player in defense development, offering promising opportunities for investors in both the defense and high-tech sectors, while leveraging local supply sources, strengthening Morocco’s industrial ecosystem, and generating new job opportunities.

Earlier this week, DGSN-DGST chief Abdellatif Hammouchi visited the UAE to reaffirm and enhance security cooperation between the two nations.

During his visit, he toured various security facilities and held discussions with senior officials to evaluate and strengthen bilateral ties and share expertise.

Source: Morocco word news

Breaking News
Cookies allow us to personalize content and ads, provide social media features, and analyze our traffic. We also share information about your use of our site with our social media, advertising, and analytics partners.
I accept!