The new Indian High Commissioner to Malawi, Anurag Bhushan, has confirmed that India is exploring investment opportunities in the country’s agriculture, pharmaceuticals and health sectors to support Malawi Government’s efforts to grow and enhance its economy.
Speaking to The Daily Times, Bhushan outlined that India will work with the above investments through Public and Private Partnerships (PPPs) with local companies and enterprises. “There is a big potential of cooperation through public and private partners from India to explore possibilities in agriculture, including animal husbandry, pharmaceuticals and health sector.” said Bhushan.
India has always been in support of Malawi, as the above development follows last month when the Indian Government pledged to continue supporting Malawi in its developmental agenda. “I am happy to state that recently, the Government of India through Exim Bank, has extended a fresh line of credit worth $215.68 million for drinking water projects in Malawi. In addition, India has recently also gifted 10 Indian-made ambulances, 100 000 secondary textbooks and essential medicines worth $2 million.” said Bhushan, last month during the Indian Independence Day celebration at the Indian Embassy in Lilongwe.
In November 2018, when the Hon. Vice President of India visited Malawi, India committed to extend a helping hand to Malawi by gifting essential medicines. Fulfilling the promise amidst the coronavirus pandemic, India gifted Malawi with essential medicines worth US $ 2 Million last month. On top of that, the Indian High Commission is in the process of obtaining COVID related medicines that will shortly arrive in Malawi, according to a statement by the commission. “The gift of medicines is yet another manifestation of India’s unwavering commitment to stand with Malawi.” says part of the statement