Submit Share Grow. Free press release distribution for small business
RSS RSS facebook Twitter Contact Us

Exclusive and one of the best business news portals for small and medium enterprises in India

Breaking News
SME News 
Indian SME extending good hope for trade in Malawi
by Arun Goswami on March 24th 2010 and filled under Utilities
 
Malawi, or the republic of Malawi is a country in Southeast Africa. The country is primarily agriculture based. Around one third of the country’s GDP is constituted by agriculture, which accounts for about 85% of the export revenues. The prime or chief revenue generating export items include tobacco, tea and sugar.
 

Malawi, or the republic of Malawi is a country in Southeast Africa. The country is primarily agriculture based. Around one third of the country’s GDP is constituted by agriculture, which accounts for about 85% of the export revenues. The prime or chief revenue generating export items include tobacco, tea and sugar.

The country has witnessed a 7 % GDP growth in the year 2008-09. However, earlier Malawi used to depend on the international assistance for its growth and development of the GDP. But it started showing improved financial growth from 2005.

The relation between India and Malawi has been very cordial as far as the trades are concerned. Of late, India has started expanding the platform for the trade between the two nations. India’s exports to Malawi accounted for about US $ 89.38 million during 2008-09 while the imports from Malawi stood at US $ 7.08 million during 2008-09; which accounted for total trade between the two countries being increased from US $ 63.34 million in 2004-05 to US $ 96.46 million in 2008-09.

The main expert items from India include machinery and instruments, textiles yarns, pharmaceuticals, fabrics and transport equipments. Lately both the countries have decided to extend co-operation in sectors like SME, IT and agriculture. In order to promote the growth of  MSME in both the nations, the National Small Industries Corporation Ltd. from India has recently signed an agreement of mutual co-operation with One Village One Product Board of the Malawi.

Apart from that both the countries have signed a MOU related to co-operation in agriculture and allied sectors. Furthermore, the Ministry of External Affairs, India signed a Protocol for Consultants with the Ministry of Foreign Affairs, Malawi. So let us hope that this mutual co-operation brings good news for both the countries and both are benefited mutually.

 
Received 0 comment Show Showing 0 of 0 comment
Browse more on: Utilities More News
Tags (click for more Related Topics): Republic of Malawi is a country in Southeast Africa, primarily agriculture based, GDP, The relation between India and Malawi, IT and agriculture
   
 
Leave a comment Login/Register Now
(Your message will be posted as 'Guest' because you're not logged in as a member. )
 
Name (Required)
E-mail (Required)... (will not be published)
Website
Security check
Please type the characters you see in the picture below *
 
Popular Topics
SPONSORED BY
 
 
Opinions, advice, statements, offers, or other information or content made available through IndiaCompanyNews are those of their respective authors. Accuracy and timeliness of all data is not guaranteed. If you have any questions regarding information in Company News/Press Releases please contact the organization listed in the press release, Issuers and not IndiaCompanyNews are solely responsible for the accuracy of the content. Web site logos and headlines are the property of their respected companies. Use of this site constitutes acceptance of our terms of use and privacy policy.