Staff Writer
The delegation of 28 business individuals from the Indian Economic Trade Organisation (IETO) is in the country for investment meetings with local industry players.
According to the Malawi Investment and Trade Centre, the delegation arrived on Saturday and will hold India Business meetings with ministries of Foreign Affairs, Trade, Finance, Malawi Confederation of Chambers of Commerce and Industry for business and economic cooperation.
IETO is an non-governmental trade association and advocacy group which supports India to bolster industry support for stronger participation in the multilateral trade negotiations process.
Speaking after the first meeting on Monday in Lilongwe, Mulli Brothers Limited Executive Chairperson Leston Mulli, who is one of the leading local entrepreneurs and business guru, said he was impressed so far with the investment opportunities India has to offer.
Said Mulli: “I can only thank the Chakwera government and Mitc for bringing into Malawi such a high delegation. The meetings we have had with them have been fruitful and eye-opening.
“There is a lot that India has to offer to Malawian businesses in terms of markets and investment potential. I believe we will tap so much into what they are offering and build from there.”
According to the delegation itinerary shared by Mitc, the team which is being led by the IETO president Asif Iqbal, accompanied by Malawi’s trade commissioner in Gujarat, Sunil Rajdev and trade commissioner in Karnataka Wali Kashvi, will hold bilateral meetings, sign various MoUs and meet President Lazarus Chakwera on Saturday May 11 2024.
IETO is an independent, non-governmental organisation, impartial and not tied to any special interests.
They strive in all our efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance.
The group was founded in 2013 by the former Indian Minister of State for Defense and Agriculture, S. Krishnakumar IAS, and Asif Iqbal.