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2010-03-16

India-Malawi to cooperate in small and medium businesses

SME would be one of the main areas of cooperation between India and Malawi.

SME would be one of the main areas of cooperation between India and Malawi. The Minister of Commerce and Industry Anand Sharma said this during an interaction with a Malawian delegation,comprising of Prof. Eta E. Banda, M.P., Minister of Foreign Affairs and Ms. Eunice Kazembe, M.P., Minister of Industry and Trade.

 

The other areas of cooperation would be agriculture and IT. The Indian-Malawian bilateral trade 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.

 

Sharma also appreciated the participation of the Malawian ministerial team in the delegation. The minister 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.

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