India’s Indore Group inaugurated a new industrial unit in the Tanger Med Industrial Platform on Friday, with an investment cost of 15 million euros.
This industrial unit specializes in the production of composite parts in the sectors of wired and wireless communications, renewable energy, transportation, and construction.
The new factory is located at the heart of the Tanger Med Industrial and Logistics Complex, which serves as a global logistics hub. This strategic location enables the Indore Group to provide excellent services to its clients in Morocco, Europe, and America.
A wide range of composite materials will be produced in the factory, including materials made from fiberglass, carbon fiber, Kevlar/Aramid, targeting the sectors of communications, renewable energy, transportation, and construction.
This new step is a significant milestone for Indore Composites, as the invested factory marks a successful symbol of the company’s growth and excellence in the machinery parts industry.
The new factory spans an area of 20,000 square meters and is expected to produce up to 2.50 million kilometers of cables.
Moreover, this investment initiative will create more than 400 job opportunities in the region. The opening ceremony was attended by the Group’s CEO, Mukesh Sanghvi, and the General Manager of Tanger Med Zones, Ahmed Benniss, along with several economic actors. The Indore Group reaffirmed its commitment to providing high-quality services to its customers and enhancing cooperation with other stakeholders in the Moroccan industry.
This investment by the Indore Group serves as a strong addition to the Tanger Med Industrial Platform, which continues to attract investments from global companies. The opening of the new factory reaffirms the Group’s dedication to the development of the industrial sector and the provision of high-value-added products to its customers.