Meeting with H.E. Leonard Mengezi at the High Commission of Malawi
Feb 14, 2023
President Mr. Abhinav Balyan called on the High Commissioner of Malawi H.E. Leonard Mengezi to discuss potential areas of collaboration between India and Malawi.
The meeting was successful in identifying following avenues for expanding economic cooperation between India and Malawi:
1) Renewable Energy
4) Skill Development (Women)
5) Sanitation and Drinking Water
India-Malawi trade relations are historic and dates back to 18th century coinciding with the arrival of Indian tradesmen, mainly from Gujarat to the African sub-continent. Malawi as an LDC, is also a beneficiary under GoI’s Duty Free Tariff Preference scheme introduced in April 2008. The bilateral trade between India and Malawi has been growing and as per 2021-22 data the bilateral trade stands at US$256.41 million (approx) despite Covid pandemic related slow down. India is also one of the largest investors in Malawi with over US$500 million worth investment.
In November 2018, Hon’ble Vice President of India during the visit to Malawi, announced a new LoC of US$ 215.68 million for drinking water supply schemes in Malawi. The LoC agreement was signed between Government of Malawi and EXIM Bank on 12 June 2020 and works related to the projects have commenced recently.