India-Malawi India-Malawi 2019 | Page 33

Priority Sectors 1-Agriculture & Agro-processing: There are various investment opportunities in Agriculture, including livestock production (for dairy and beef), aquaculture, horticulture, agro- processing, sugar, piggery, honey production, integrated cotton development, cassava production, and mushroom growing. These agriculture products can be processed and exported under trading arrangements encompassing SADC, COMESA, and GSP SCHEME of the EU’s EBA Initiative. The African Growth And Opportunity Act (AGOA), China General Tariff Preferential Treatment, the India Preferential Trade Arrangement Benefi ting LCD’s and the Japan Preferential Trade Arrangement Benefi ting Least Developed Countries (LDCs). Specifi c Investment Opportunities : • Cold room and relevant transportation infrastructure • Processing factories for value addition to make puree, spices, pastes and juices. • Storage, cleaning and grading facilities • Large-scale commercial farming • Market development • Contract farming 2-Mining: Malawi is naturally endowed with vast unexploited mineral resources. The government expects a steady increase in the contribution of the mining sector to GDP by at least 10 percent annually. Currently, mining is limited to coal mining, quarrying, limestone production and gemstone mining. Gemstone exports are dominated by an aquamarine, amethyst, red and rhodolite garnets, quartz, angering and feldspar. Specifi c Investment Opportunities: • Gold • Uranium • Platinum group of minerals (PGMs) • Base metals • Nickel and copper • Dimension stone • Phosphates • Heavy mineral sands • Graphite • Coal 3-Tourism: Malawi is endowed with beautiful and unique tourist spots including Lake Malawi, national parks and Game Reserves, Mulanje Mountain, wild game (the big five), forest reserves, and cultural and historical sites such as missionary graves and slave trade villages. Specifi c Investment Opportunities: • Eco-tourism • Hotel, camps and lodges • Develop support infrastructure (Electricity, Water and Transport) • Water and lake sports • Cultural and traditional troupes (community-based tourism) • Wilderness safari, travel and tours • Game and forest lodges • Casinos and entertainment centre 4-Manufacturing: Manufacturing accounts for about 12 percent of Malawi’s GDP. As most of the traditional agriculture crops such as tobacco and tea are exported in a semi- processed state, there are great opportunities for investors to convert these agricultural products into high-value fi nished products. Investors may venture into the manufacture of any of the products listed below. *Textile and Garment manufacturing: With market opportunities under AGOA and preferential agreements between Malawi and 2019 • INDIA-MALAWI • 33