A delegation of 20 Indian investors is in the country scouting investment opportunities in agriculture and energy sectors while searching for business partnership opportunities.
Led by the Malawi High Commissioner to India Leonard Mengezi, the delegation embarked on a seven-day visit this week to explore investment avenues in the country.
They were earmarked to hold talks with various companies aimed at fostering bilateral partnerships and capitalising on untapped opportunities.
Among others entities on the team’s interface itinerary were Press Corporation, Admarc, Mega Farm Support Unit and others, spanning sectors including agriculture, health, ICT and energy.
According to a communication posted on the Malawi Investment Trade Centre (MITC) Facebook page, the delegation’s itinerary also includes paying a courtesy call on President Lazarus Chakwera.
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The MITC hosted the delegate to an investment forum/business meeting at Woodlands in Lilongwe, providing a platform for constructive dialogue with local businesses.
In his address, Mengezi hailed MITC for orchestrating the forum, affirming its role in nurturing business synergies between the two nations.
He urged Indian delegates to seize the moment and explore the diverse sectors ripe for investment.
“The initiative of organising this forum underscores the importance of fostering robust partnerships between Malawi and India.
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“There are ample opportunities awaiting exploration in Malawi, and I encourage our Indian counterparts to venture into these promising sectors,” Mengezi said.
NBS Bank Chief Executive Officer Kwanele Ngwenya reiterated the bank’s readiness to collaborate with investors, providing them with the requisite financial support to actualise their ventures in Malawi.
“We are committed to supporting investors who choose to invest in Malawi. At NBS, we believe in fostering economic growth through strategic partnerships, and we look forward to working closely with investors to navigate the financial landscape and achieve their investment objectives,” Ngwenya said.
