Trade opportunities open up for Malawi
Malawi will from March 9 to 10 attend the 12th annual CII-Exim Bank Africa Project Conclave forum to be held in New Delhi, India.
Malawi Investment and Trade Centre (Mitc) will lead the Malawi delegation.
According to statistics at the International Trade Centre, Malawi’s exports to India rose from $31.7 million in 2014 to $67.6 million in 2015, representing 6.3 percent of Malawi’s exports.
On the other hand, Malawi’s imports from India declined from $243.2 million in 2014 to $177.8 million in 2015.
The trade gap for Malawi and India in 2015 stood at $110.2 million.
Mitc Publicist, Deliby Chimbalu, said the conclave forum is an annual event that brings together business and government leaders from India and Africa to discuss policy and investment opportunities.
“The Conclave is the most important event for building partnerships and enhancing economic engagement between the two regions and has given new strategic direction to India-Africa economic relations,” Chimbalu said.
She said the Malawi delegation will consist of both the government and private sector actors from over ten different institutions and companies.
“The delegation will promote Malawian goods for export at its exhibition booth and will also promote business projects for investment. During past Conclave’s more than 2,500 projects from all across the African continent worth $256.63 billion have been discussed for investment.
“We believe through the forum, Malawi will be able to clinch deals that will steer our economy into the right direction,” she said.
Chimbalu further said after the New Dehli forum, Mitc jointly with the India High Commission in Malawi will organise a Malawi-India business meeting scheduled for March 17, 2017 in Lilongwe.
She said the forum will catalyse the excitement and business opportunities surrounding the Malawi- India partnership.
Malawi and India have a long standing cordial business and diplomatic working relationship.
