Madagascar - Investing in a special economic zone dedicated to textiles

The Textile City of Moramanga in Madagascar, located along the main economic corridor Antananarivo-Toamasina, is designed as a special economic zone entirely dedicated to textile-related activities.

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A 600-hectare industrial park is planned for Moramanga, ideally located between the capital and the country's largest port, Toamasina. The establishment of an initial 80-hectare complex dedicated to textiles was made possible through an agreement between the EDBM and the Mauritius Africa Fund Ltd.

Investment opportunities are available in infrastructure development and the provision of public services, particularly electricity production from renewable energy sources to supply the area.

The national and international contexts are extremely favorable to the development of the textile industry. The return of constitutional order has allowed the country to reintegrate into the AGOA program, a preferential trade agreement facilitating exports from African countries to the United States, one of the leading importers of Malagasy textiles.

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Indeed, the textile and apparel (TA) sector is Madagascar's leading manufacturing sector and the largest employer after agriculture, representing 19,351 TEU of GDP, 301 TEU of exports, 71 TEU of foreign direct investment (FDI), and up to 15,000 direct formal jobs, according to the promoters of the UKTP (United Kingdom Trade Partnership) Project. This project, implemented from 2019 to 2022, aims to improve the competitiveness of the textile and apparel sector in Madagascar, as well as increase exports to the European Union and the United Kingdom. The availability of skilled labor should be leveraged for the future development of the country's textile and apparel industry.

All studies related to the Textile and Clothing sector, supported by the PAPI (Investment Promotion Program), are fully aligned with the new government policy adopted in January 2019 through the Madagascar Emergence Plan, which places the country's industrialization at the heart of its economic recovery (Velirano N°7). This industrialization policy emphasizes the need to create and develop Industrial Emergence Zones as catalysts for economic development throughout the island. The government, through the Ministry of Industry, Trade, and Handicrafts (MICA), intends to strengthen the existing legislative and regulatory framework to accelerate investment in the industrial sector through the development of Industrial Zones (IZs).