Malawi
(Source : High Commission of India, Lilongwe)
Trends in India-Malawi Bilateral Trade (Trade Statistics India-Malawi, In US Million Dollars)
|
|
Bilateral Trade (2017-2018)
|
Bilateral Trade (2017-18 April- June)
|
Bilateral Trade (2018-19 April- June)
|
% Change
|
|
Exports
|
199.60
|
66.74
|
43.32
|
-35.09%
|
|
Imports
|
16.45
|
2.18
|
5.33
|
144.31%
|
|
Total Trade
|
216.05
|
64.56
|
37.99
|
-41.16%
|
|
Total Balance
|
183.15
|
68.92
|
48.65
|
-29.4%
|
Source: www.commerce.gov.in
Top Ten Imports from India to Malawi (2017-18)
The main imports of Malawi from India are pharmaceuticals. Malawi as of 2017 imported 61% of its pharmaceuticals from India compared to the previous year’s 55%. The scope for more market share of the pharmaceuticals are still there in Malawi. The other products include printed books, articles of iron and steel, plastic and articles thereof and electrical machinery. Below is the list of top 10 imports from India to Malawi in 2017.
|
Rank
|
HS Code
|
Description
|
Value in US$ millions
|
|
1
|
30
|
Pharmaceutical products
|
106.2
|
|
2
|
85
|
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television.
|
29.6
|
|
3
|
84
|
Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof
|
26.8
|
|
4
|
49
|
Printed books, newspapers, pictures and other products of the printing industry; manuscripts.
|
24.8
|
|
5
|
87
|
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
|
16.4
|
|
6
|
73
|
Articles of iron or steel
|
14.6
|
|
7
|
39
|
Plastics and articles thereof
|
7.8
|
|
8
|
25
|
Salt; Sulphur; earths and stone; plastering materials, lime and cement
|
6.2
|
|
9
|
72
|
Iron and steel
|
5.8
|
|
10
|
63
|
Other made-up textile articles; sets; worn clothing and worn textile articles; rags
|
4.6
|
Source: International Trade Centre (ITC)
INDIA commits to continue supporting Malawi in development initiatives
During the 54 years of Malawi’s independence celebration which was held in New Delhi on July 6, 2018, India’s Minister of State for Commerce and Industry, Honorable Shri Chaudhary said “India will continue being a friend to Malawi and support it as it celebrates 54 years of self-rule with a hope for a bright and better future. My government will continue supporting Malawi in various developments initiatives Agriculture, Education, Finance, Information Communication and Technology among others.” he explained
Malawi High Commissioner to India, His Excellency George Mkondiwa expressed gratitude to the Indian government for the positive bilateral relations between the two countries that continue to grow from strength to strength. “In the true spirit of south-south cooperation, India has in the past provided financial and technical assistance to Malawi and continues to do so. For instance, under the Lines of credit provided by the Government of India, Malawi has constructed a sugar factory in Salima district alongside a Greenbelt irrigation project alone the Lakeshores,” he said.
His Excellency Mr. Mkondiwa added that, “Malawi has Strategic Fuel storage facilities constructed under the same Line of Credit and the construction of the Likhubula Blantyre water project, funded by the Government of India is in progress.” He said “under the Indian Technical and Economic Cooperation Programme (ITEC), many Malawians have been trained in various Indian institutions in various disciplines including information technology, agriculture and education.”
He pointed out that after completing their training in India, these men and women would return home to contribute to the economic development of the country.
Tunisia
(Source : Embassy of India, Tunis)
Trade Data - Annual (US$ million)
|
Year
|
2014
|
2015
|
2016
|
2017
|
2018(Jan-June)
|
|
India’s Exports
|
283.92
|
239,5
|
249.06
|
299.810
|
130.87
|
|
India’s Imports
|
148.45
|
100,75
|
121.4
|
103.903
|
51.74
|
|
Total
|
432.37
|
340.25
|
370.46
|
403.713
|
182.61
|
(Source: National Institute of Statistics, Tunis)
India Tunisia Joint Venture TIFERT worth US$450 million was launched in 2006 in Tunisia for manufacturing Phosphoric Acid. Its production started in 2013. Two Indian companies Coromandel Fertilizers Ltd and the Gujarat State Fertilizers Ltd (GSFC) have 30% shares in the project. To improve production, Tunisian Government is taking several measures to remove hurdles in the smooth running of the plant and supply of rock phosphate to the plant.
Other Projects: Indian companies M/s KEC International Ltd and Jyoti Structures Ltd have a presence in Tunisia for erection of electric transmission lines. An assembly plant of Mahindra pickup trucks is established in Tunisia with a target to produce up to 2500 trucks per year. Indian Auto Company, Mahindra and Mahindra, provides the vehicles as knocked-down kits, to be assembled by the Tunisian company, with full technical support from the Indian company. Mahindra has further diversified its product portfolio by introducing SUV class vehicles. M/s TATA Motors commenced assembly of pick-up trucks with Tunisian companies ‘Le Moteur’ and ‘Icar’ in June 2015. TATA’s flagship Tunisian model Tata Xenon has been very popular as 2000 vehicles have been sold in short span of 2 years. TATA is also exploring possibility to introduce small commercial and heavy vehicle.
Analysis of Investment opportunities in Tunisia
Tunisian Government provides many incentives to promote foreign investment in Tunisia. About 3353 foreign companies operate in Tunisia in diverse sectors. The Government has primarily encouraged export-oriented FDI in key industrial sectors, such as call centers, electronics, aerospace and aeronautics, automotive parts, and textile/apparel manufacturing. Foreign participation is allowed in the privatization program of state-owned or state-controlled enterprises. This has attracted a significant share of Tunisia’s FDI in recent years. The privatization programme has taken place mainly in telecommunications, banking, insurance, manufacturing, and fuel distribution.