October 18, 2024
2 mins read

Africa a key trade, investment destination, says Murmu

Murmu highlighted the growing bilateral ties between India and Malawi, primarily in trade-related activities….reports Asian Lite News

Emphasising the strong ties between India and Malawai, President Droupadi Murmu said that New Delhi is currently the fourth largest trading partner of the African nation and has over USD 500 million worth of investments in various sectors of the country.

Addressing the India-Malawi Business Meet on Thursday during the final leg of her State Visit to Algeria, Mauritania, and Malawi, President Murmu noted that both nations could come together to find “synergy” in many sectors, with immense scope for enhancing their partnership in sectors like agriculture, mining, energy, and tourism.

She also highlighted the growing bilateral ties between India and Malawi, primarily in trade-related activities.

“Malawi is a country rich in natural reserves and fertile agricultural land. On the other hand, India has a large consumer base with increasing demand for energy, minerals, and food for its large population. Both our countries can come together to find synergy in many areas. There is an immense scope for enhancing our cooperation in the fields of agriculture, mining, energy, tourism, etc,” she said.

“Bilateral trade between India and Malawi has been growing. India is currently the fourth largest trading partner of Malawi. India is also one of the largest investors in Malawi, with over 500 million US dollars worth of investments in various sectors,” the President added.

President Murmu further noted that the India-Malawi partnership was not confined just to the administrative level, as Africa had emerged as an important trade and investment destination with growing investments coming from Indian companies, both multinational and SMEs in various sectors.

“The India-Malawi partnership is not confined to governments alone, as Africa has emerged as an important trade and investment destination. India’s private sector is at the forefront of driving this impetus. There are growing investments by Indian companies, both multinational and SMEs, in Africa in a range of sectors,” she said.

President Droupadi Murmu arrived at Malawi’s capital, Lilongwe, on the morning of October 17 for the final leg of her state visits to Algeria, Mauritania, and Malawi at Kamuzu International Airport.

She was received by the Vice President of Malawi, Michael Usi, and other dignitaries. Upon her arrival, President Murmu was accorded a ceremonial welcome, after which she attended a traditional cultural performance at the airport.

This is the first-ever state visit from India to Malawi. President Murmu was accompanied by the Minister of State, Sukanta Majumdar, and Members of Parliament, Mukeshkumar Dalal and Atul Garg. (ANI)

ALSO READ: China tells India to tread lightly on Taiwan

Previous Story

Sitharaman chairs Tech Leaders Roundtable in Mexico

Next Story

India, Russia co-chair modernisation and industrial cooperation meeting

Latest from -Top News

Uyghurs Face ‘More Repression, No Relief’

CFU stressed that, instead of addressing the UN’s recommendations, Beijing has escalated its repression…reports Asian Lite News On August 31, 2025, Campaign for Uyghurs (CFU) marked the third anniversary of the United

Afghan Quake Toll Hits 1,457

More than 6,700 homes have been destroyed due to earthquake as international aid agencies struggle to reach people in remote areas…reports Asian Lite News The death toll from the powerful earthquake that

Xi, Putin, Kim conspiring against US, says Trump

Trump accused Xi of “conspiring against” America after hosting Putin and Kim at Beijing’s largest military parade….reports Asian Lite News US President Donald Trump unleashed a sharp rebuke at Chinese President Xi

India, UAE chase $100b trade dream

India and the UAE reaffirmed their CEPA partnership, setting a $100 billion non-oil trade target by 2030, with strong focus on energy, food, healthcare, and technology….reports Asian Lite News India and the
Go toTop

Don't Miss

UNESCO Recognition of Garba Celebrated at Nehru Centre, London

The Nehru Centre, London has hosted a vibrant event marking

India, China to patrol once every week in Demchok and Depsang 

The two sides have agreed to carry out one patrol