|
Back
INDIA-MALAWI TO COOPERATE IN AGRICULTURE, SME AND IT SECTOR
Date : 16 Mar 2010
Location : New Delhi
Shri Anand Sharma, Minister of Commerce and Industry while interacting with the Malawian Ministerial delegation comprising of Prof. Eta E. Banda, M.P., Minister of Foreign Affairs and Ms. Eunice Kazembe, M.P., Minister of Industry and Trade who called on him here today has appreciated the participation by a Ministerial team and business delegation from Malawi in the 6th CII-EXIM Bank Conclave on India-Africa Project Partnership being held in New Delhi. He observed that such interactions between businessmen and policy makers of the two sides not only facilitate greater bilateral economic commercial cooperation but also promote mutual understanding.
During the course of their meeting, both sides expressed satisfaction at the steadily increasing bilateral trade which has gone up from US$ 63.34 million in 2004-05 to US$ 96.46 million during 2008-09. During 2008-09, India’s exports to Malawi were US$ 89.38 million and imports from Malawi amounted to US$ 7.08 million. Both sides noted the need for expanding the trade basket to tap the trade potential.
Both sides agreed that the main areas of cooperation between India and Malawi would be agriculture, SMEs and IT. Shri Sharma, also offered that the Apex Chambers of Commerce in India would invite their counterparts in Malawi soon for mounting a business delegation in the identified sectors of cooperation. Noting that Malawi has joined the Duty Free Tariff Preference (DFTP) Scheme for Least Developed Countries (LDCs) announced by India, both sides expressed the hope that Malawi can now reap the benefits of increased market access to India.
RJ/MRS
|
Archives
