1 Updates
Indian-aided cotton ginning unit inaugurated in Malawi
Photo Credit: , Getty Images

Indian-aided cotton ginning unit inaugurated in Malawi

Sep 11 2013, 4:06am CDT | by IANS

Lilongwe (Malawi), Sep 11 (IANS) A cotton ginning unit, constructed with Indian aid, was inaugurated in Ngabu in Malawi, a landlocked country in southeast Africa that exports raw cotton.

Lilongwe (Malawi), Sep 11 — A cotton ginning unit, constructed with Indian aid, was inaugurated in Ngabu in Malawi, a landlocked country in southeast Africa that exports raw cotton. Malawi President...

Filed under: news

Full Story below YouTube Videos

 
 

 

32 weeks ago

Indian-aided cotton ginning unit inaugurated in Malawi

Sep 11 2013, 4:06am CDT | by IANS

Lilongwe (Malawi), Sep 11 (IANS) A cotton ginning unit, constructed with Indian aid, was inaugurated in Ngabu in Malawi, a landlocked country in southeast Africa that exports raw cotton.

Lilongwe (Malawi), Sep 11 — A cotton ginning unit, constructed with Indian aid, was inaugurated in Ngabu in Malawi, a landlocked country in southeast Africa that exports raw cotton.

Malawi President Joyce Banda inaugurated the ginnery at Ngabu, that cost $20 million, on Aug 27. It was part of the $50 million Line of Credit granted by India to Malawi that has a population of about 16 million.

The event was attended by Indian High Commissioner Vanlalhuma. Among other dignitaries present were Malawi Vice President Khumbo Kachali, Finance Minister Ken Lipenga, Industry and Trade Minister Sosten Gwengwe, Minister of Transport and Public Works Mohammed Sidik Mia alongwith several senior officials, in an indication of the importance attached to the event, said a statement from the Indian High Commission Wednesday.

The ginning unit was constructed by Apollo International Ltd. Ngabu is located in the south of the country, some 120 km south of the city of Blantyre.

Two other cotton ginning units have also been constructed, at Balaka and Ngara, under the same Line of Credit.

Addressing the event, President Banda thanked the Indian government, the Indian High Commission and Apollo International Ltd. for making it possible to set up the ginnery. She said such collaborations showed that Malawi has close relationship with other countries far and near.

The Ngabu ginnery, once operated at its full capacity is expected to add three times to the value of raw cotton, which is being exported from Malawi at present. The export of raw cotton is also expected to earn the country foreign exchange to the tune of $ 20 million per annum and provide employment opportunity to about 200 people directly, and several hundreds more indirectly, the statement said.

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

EmpowHer Institute to Honor Four Amazing and Unstoppable Women at the Annual Girls to Greatness Luncheon Saturday, April 26, 2014 – the Beverly Hills Hotel
Honorees include: Musette Buckley – Senior V.P., Warner Bros. Pictures; The Honorable LaDoris (Dot) Harris, Director of the Office of Economic Impact and Diversity at the United States Department of Energy; Renata Simril, Senior V.P. of External Affairs at The Los Angeles Dodgers; Denita Willoughby, Regional V.P. of External Affairs at Southern California Gas Company.
 
 
DDA Seeks Businesses and Tenants for "Suite Spot @ Sugar Hill"
The City of Sugar Hill Downtown Development Authority is recruiting businesses and tenants for sought after downtown area. Come grow with the City of Sugar Hill.
 
 
Obama Has Legal Duty to Provide Clemency for Drug Offenders Says Federal Clemency Advocacy Center
Federal criminal justice reform advocates support the Obama administration clemency review plans but say that much more is needed. Advocates say that the President has a legal and moral duty to commute the sentences of tens of thousands of people in prison for mandatory minimum sentences.
 
 
The Academic Advantage Reaches a Settlement with the New York U.S. Attorney’s Office Over New Employees’ Fraud
New York, NY, April 22, 2014 --(PR.com)-- The Academic Advantage reached a settlement to pay $2 million after an investigation regarding allegations of misconduct of federal funds in the government-funded tutoring...
 
 
 

Latest from the Network

Is Bouygues Crying Uncle On Alstom? GE Said In Talks For $13B Acquisition.
In February, French billionaire Martin Bouygues said his eponymous conglomerate was still “comfortable” with its 29% stake in Alstom SA, despite having just booked a $1.9 billion write-down on the train and power...
Read more on Business Balla
 
Hong Kong Billionaire Lawrence Ho's Summit Ascent Boosts Stake In Russian Casino
Summit Ascent Holdings, a Hong Kong-listed company led by billionaire Lawrence Ho, has obtained majority control in of a casino project in the eastern Russian city of Vladivostok. Summit Ascent will pay $20.2 million...
Read more on Business Balla
 
Facebook Sets Its Sights On Your 'Private Content'
The first quarter of 2014 was a big one for Facebook, in more ways than one. It bought the messenging service WhatsApp for $19 billion. It spent another $2 billion to buy Oculus VR, the maker of virtual-reality headsets...
Read more on Business Balla
 
Activision Announces 'Skylanders Trap Team'
The next video game in the blockbuster Skylanders franchise is Skylanders Trap Team, publisher Activision announced on Wednesday. Due for release on October 5th, the new game flips the franchise’s paradigm by allowing...
Read more on Business Balla
 
To Succeed In Innovation, Avoid Extremes
When Scott Anthony talks about innovation people listen. This is, after all, the man who is managing partner of Innosight, the consulting firm founded by Clay Christensen, and author or co-author of a string of books,...
Read more on Business Balla
 
Piketty's Capital Shortcomings
Thomas Piketty’s book Capital in the Twenty-First Century argues that CEO pay is too high and income taxes should be raised to compensate for capital returns that are greater than overall economic growth. Without...
Read more on Business Balla
 
Apple's iPad Rules The Enterprise. So When's The Second Act?
Apple's iPad is a fixture in the enterprise market, the company is proud to say. During the investor call for its second quarterly earnings Apple CEO Tim Cook noted–as he has in previous earnings calls–that 98% of the...
Read more on Business Balla
 
Employers Will Google You: 6 Steps to Improve Your Online Image
If you’re interviewing with a company that is in the least bit reputable, that hiring manager is going to Google your name.  Now, unless your name is Marie Smith, the good news is that you can indirectly communicate...
Read more on Business Balla
 
Newmont's Merger Talks With Barrick Is Driven By Fear Of A Lower Gold Price
Billed as a way of creating value for investors the proposal to create a gold-mining giant by merging Newmont Mining and Barrick Gold is really an admission by both companies that they are not optimistic about the...
Read more on Business Balla
 
Making a Splash with an Above Ground Pool on Designing Spaces™ Airing on Lifetime®
Pompano Beach, FL, April 24, 2014 --(PR.com)-- The popular home improvement show Designing Spaces™ will give viewers an in-depth look at how an above ground pool is quick to install and easy to maintain on...
Read more on TV Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla