look news india
New Delhi, 17 October (Hindustan Reporter). President Draupadi Murmu, while addressing the India-Malawi Business Summit on Thursday, said that there is immense potential for enhancing cooperation between the two countries in sectors like agriculture, mining, energy and tourism.
President Murmu said Malawi is a country rich in natural reserves and fertile agricultural land. India, on the other hand, has a large consumer base, with a growing demand for energy, minerals and food grains for its large population. Our two countries can come together to establish synergy in many areas.
He was happy to note that bilateral trade between India and Malawi is increasing. India is currently Malawi's fourth largest trading partner. India is one of the largest investors in Malawi, having invested over US$500 million in various sectors.
The President said the India-Malawi partnership is not limited 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 momentum. Investments by Indian companies, both multinationals and SMEs, are increasing in various sectors in Africa.
The President expressed confidence that the discussions held at the India-Malawi Business Summit will prove to be an important milestone in developing commercial relations between the two countries.
Earlier this morning, President Murmu arrived in Lilongwe, Malawi on the last leg of his state visit to three African countries. The President was received by Malawi's Vice President Michael Usi and other dignitaries at the Kamuzu International Airport. The children welcomed him warmly. A traditional cultural program was also presented before the President at the airport.
This is the first state visit from India to Malawi. The President was also accompanied by Minister of State Sukant Majumdar and MPs Mukesh Kumar Dalal and Atul Garg.