India-Malawi trade at $113 mn in April-November

NEW DELHI: Trade between India and African nation Malawi has improved to USD 113 million during April- November this fiscal, Commerce Ministry said on Wednesday.

"... after decline in bilateral trade in 2010-11 fiscal year, the trade has shown a strong growth in the current fiscal year," the ministry said in a statement. Malawi trade minister John Bande today called on Commerce and Industry Anand Sharma here.

"Sharma and his Malawi counterpart John Bande stressed the need to work on increasing the trade volume and expanding the basket of products to our mutual advantage," the statement said.

Malawi is a land-locked country in southeast Africa. Referring to the recent commitment of revising the trade target with Africa to USD 90 billion by 2015, Sharma said that there is a need to strengthen the trade relationship between the two sides through building of trade-related capacity.

He also conveyed India's commitment to support Malawi in its economic development in areas like agriculture, railways, rehabilitation, hydro-power stations and solar energy.