Chakwera woos Indian investors

Chakwera woos Indian investors

President Lazarus Chakwera says Malawi is an attractive investment destination and has urged visiting Indian investors to explore business opportunities to open factories and invest in the agriculture, tourism and mining sectors.

Speaking at Kamuzu Palace in Lilongwe yesterday when a team of 37 investors in different fields presented a Swayam Diagnostic Medical Machine on behalf of the Indian Government to Malawi, the President assured the investors that Malawi has laws which guarantee investors and their investments’ protection.

Gopalachrishnan (R) hands over the machine to Chakwera as Gwengwe (2ndL) and Rajdev look on

Said Chakwera: “We have different kinds of minerals here in Malawi. Apart from that, we also have a growing tourism industry and agriculture sector where there are many investment opportunities.”

The investors arrived in the country on May 5 2024 and have held meetings with various Cabinet ministers and senior government officials. On Thursday, they held a Malawi-India Business Dialogue at Bingu International Convention Centre in Lilongwe to explore investment opportunities.

In his remarks, Minister of Trade and Industry Sosten Gwengwe said some of the opportunities explored include an information and communications technology (ICT) equipment assembling factory and pharmaceutical and seed processing plants.

“Some of the investors have already signed MoUs [memorandums of understanding] and as we speak, one investor is ready to come and open a computer assembling factory while another one signed a coal mine agreement and is already operational in Karonga,” he said.

Trade commissioner for Malawi in India Sunil Rajdev, who is leading the delegation, assured the President that more investors will come to Malawi soon to explore investment opportunities.

Indian High Commissioner Shri Gopalackhrishnan said his government has created a huge market for Malawi’s agricultural produce.

He said the relationship, which the two countries share, is based on supporting each other on developmental projects such as Malawi’s mega farms.

The Swayam Diagnostic Medical Machine is a multi-purpose machine is used to scan patients, and doctors use the results to diagnose the problem identified by the machine.

Malawi Government will decide on which hospital the machine will be placed.

The post Chakwera woos Indian investors first appeared on Nation Online.

The post Chakwera woos Indian investors appeared first on Nation Online.