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Thursday, 02 March 2017 09:49

Malawi to attend 12th annual CII-Exim Bank Africa Project Conclave in India

Malawi Investment and Trade Centre (MITC), is leading the Malawi Delegation to the 12th annual CII-Exim Bank Africa Project Conclave to be held in New Delhi, India on 9-10 March. The Conclave is an annual event that brings together business and government leaders from India and Africa to discuss policy and investment opportunities. The Conclave is the most important event for building partnerships and enhancing economic engagement between the two regions and has given new strategic direction to India-Africa economic relations.

The Malawi delegation consist both government and private sector actors from over 10 different institutions and companies. The Malawi Delegation will promote Malawian goods for export at its exhibition booth and will also promote business projects for investment. During past Conclave's more than 2,500 projects from all across the African continent worth USD 256.63 billion have been discussed for investment.

Meanwhile, MITC and the India High Commission in Malawi are organizing a Malawi-India Business Meet scheduled for 17 March, 2017 in Lilongwe. The forum will catalyze the excitement and business opportunities surrounding the Malawi-India partnership.

Malawi and India have overtime enjoyed an increasingly cordial business and diplomatic working relationship. According to the International Trade Centre, Malawi's exports to India rose from US$31,740,000 in 2014 to US$67,552,000 in 2015, which represents 6.3% of Malawi's exports. On the other hand, Malawi's imports from India declined from US$243, 177,000 in 2014 to US$177,752, 000 in 2015. Hence the trade gap for Malawi-India in 2015 stood at -US$110,202,000.