Updated By: LatestGKGS Desk
India & Morocco Signed MoU To Strengthen Mineral Exploration
India & Morocco Signed MoU To Strengthen Mineral Exploration- Details, Features, Purpose
India and Morocco have signed a Memorandum of Understanding (MoU) to strengthen mineral exploration on 11th April 2018 in New Delhi.
The MoU aims to lay an evaluation of potential mineral resources and promoting exploration and mining through engagement of both private and public sector.
The MoU was signed after the bilateral discussions between Mines Minister Narendra Singh Tomar and Aziz Rabbah, Minister of Energy, Mines and Sustainable Development of Kingdom of Morocco.
The MoU in the field of Mining and Geology was signed will have the total term of 5 years.
The MoU is aimed at the development of the geological infrastructure for Geoscience Maps and geochemical maps, strengthening geological research and evaluation of the potential of mineral resources, promoting exploration and mining through the participation of both public & private sector etc.
According to the Ministry of Mines statement, the joint venture and B2B between Morocco and India for minerals will boost the economy of Morocco and neighboring markets as well
As per the statement, India will conduct its first meeting under the MoU within 6 months
