30 Indian business persons visit Malawi for trade, investment opportunities

The Malawi Investment and Trade Centre (MITC) in conjunction with the Indian High Commission in Malawi will hold a one day business forum in honor of a visiting Indian business delegation on Thursday at Crossroads Hotel in Lilongwe.

The forum will be graced by the minister of Industry and Trade Sosten Gengwe and the Indian High Commissioner to Malawi, according to MITC.

During the forum, there will be presentations on investment and trade opportunities in Malawi as well as the Indian business delegation’s investment and trade interests in Malawi.

The Indian business delegation comprises 30 business persons drawn from agriculture, energy, mining, health, infrastructure, transport, turnkey projects and education, among others.

India's Minister for Commerce & Industry and Textiles Anand Sharma (L) and his Malawi counterpart Mr John Bande

India’s Minister for Commerce & Industry and Textiles Anand Sharma (L) and Malawian Minister Mr John Bande

The mission has been organized by the Malawi High Commission in India but is being coordinated by MITC in collaboration with the Indian High Commission to Malawi, the Malawi High Commission to India, ministry of Industry and Trade, ministry of foreign affairs and the Indian Community in Malawi, according to Robins Mwanga of MITC.

Addressing journalists in Lilongwe ahead of the forum, MITC Chief Executive Officer, Clement Kumbambe said India had been a faithful trade and investment partner in Malawi and that the coming of the 30-member-team was a welcome move.

“This is evident by the number of Indians who live and do business in Malawi, a substantial number of whom invested in areas that are adding value to Malawi’s economy. It is also important to note that India scores the highest as the source of foreign direct investment into Malawi,” said Kumbambe.

While representative for India High Commissioner, Purushothan Kallianpur hoped that trade partnership between the two countries will grow stronger and that Malawi will reach a point where it will substantially reap the benefits that originate from the trade and investment relationship with India.

“We will look at this trade and investment mission as an opportunity for Malawian local business persons to create synergies with India and for them to develop their capacity,” he said.

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