Wednesday, May 10, 2006

Indian Economic growth attracts Malawi's Diplomatic presence


As the indian economy is growing. Malawi is tryin its best not to lose out. My word of caution would be that take it easy. We have a big Indian trading community in our Country and what we need is a careful study before we waste our taxes on a big economy who wont give a foot that we are consuming their products and hosting their brethren. The article below appeared in a Malawi online daily paper the Nation. www.nationmalawi.com
I hope we aint going the because Microsoft et al are investing we seek different things and our priorities.


Malawi eyes India’s growing economy
by Tadala Makata-Kakwesa , 10 May 2006 - 05:20:35
Foreign Affairs Minister Davis Katsonga has said Malawi wants to take advantage of India’s fast growing economy by establishing a permanent diplomatic representation in that country.
Katsonga said government has decided to have a permanent office in India after noting that there is a lot of potential that Malawi can take advantage of.
Currently, Malawi relies on its Ambassador to Tanzania as a representative in the Indian sub-continent.
“Malawi has a lot to learn from India in terms of agriculture, irrigation and manufacturing of machinery for irrigation and rural development.
“Imagine, a company as big as Microsoft has invested US$500 million in India. A lot of international organisations have invested in India because of its political stability and economic performance and the expansion of its middle class,” said Katsonga.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) Chief Executive Officer Chancellor Kaferapanjira welcomed the government’s move to open an embassy in India saying India is beneficial to Malawi because of its well-developed small and medium enterprises (SMEs).
Kaferapanjira, however, said Malawi’s benefit from India whose economy is growing at a rate of 10 to 12 percent every year, will depend on how it picks the opportunity.



1 Comments:

Anonymous Gad said...

"we need is a careful study before we waste our taxes on a big economy who wont give a foot that we are consuming their products and hosting their brethren"
That's brethren sentence is funny Man.
I totally agree with you!

12:24 AM  

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