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Thursday, June 13, 2024

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    By Our Reporter  

    As per revelation from the Indian High Commissioner to Malawi, His Excellency S. Gopalakrishnan, Malawi’s export to India has burgeoned by 10-fold under Chakwera administration. Gopalakrishnan made these remarks in Lilongwe recently at the commemoration of the 75th Anniversary of the Republic of India.

    According Gopalakrishnan, the Indian government is enthralled with the headway the two nations have made towards strengthening mutual trade and investment, a development milestone expected to fast-tracked economic growth for Malawi.

    “I am also happy to mention that India is also one of the largest investors in Malawi. The Government of India is also actively supporting a number of developmental projects in Malawi and closely partnering with the Government of Malawi in achieving its socio-economic developmental goals,” said Gopalakrishnan.

    Gopalakrishnan was all praise of Chakwera led government for creating a favourable environment for Indian investors and recognizing their contribution to the economy.

    Gopalakrishnan also made mention of the robust trilateral cooperation besides bilateral one, which has pooled together partner countries harbouring similar development agenda for Malawi especially in the areas of food security and women empowerment. He emphasized on the fact that India’s development partnership with Malawi is always based on Malawi’s priorities, focusing much on human-centric and principles of mutual respect.

    “We strongly believe that the biggest strength of the friendly relationship between India and Malawi is the Indian origin and Indians who live in Malawi. They are not only playing a link between our two countries and cultures, but have also been significantly contributing to Malawi’s economic growth,” narrated Gopalakrishnan.

    Commenting on behalf of the state president Dr. Lazarus Chakwera, the Minister of Mining, Monica Chang’anamuno, said the Government of Malawi appreciates the strong bilateral relations prevailing between the two nations, evident in many areas of cooperation which include trade, health, capacity building and agriculture.

    “In the area of trade cooperation, the Government of Malawi continues to fully utilize the Memorandum of Understanding (MoU) on Cooperation in the Field of Trade of Tur or Pigeon Peas which was signed in June, 2021. The agreement allows export of 50,000 metric tonnes of pigeon peas annually from Malawi to India until 2026.

    I am delighted to share that, following the 2nd Session of the Malawi-India Foreign Office Consultations, the Government of India has graciously granted a new waiver of the export quota for pigeon peas from Malawi to India until March 31, 2025, operating within the same Agreement framework. This means that Malawi can export unlimited amount of pigeon peas to India in the 2024/2025 marketing session,” said the minister.

    India established diplomatic relations with Malawi in 1964. Due to some administrative reasons, it was closed in 1993 and re-opened in 2012.

    On trade and investment, Indian companies have a share of 19% in Malawi’s economy. The main exports to India are primarily agricultural products such as pigeon peas, chick peas, and related pulses. India’s main exports to Malawi include pharmaceutical products, industrial machinery commercial vehicles, Iron and steel pipes and sheets, textiles, and furniture.

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