Bangladesh pledges to invest in Malawi

The Republic of Bangladesh has pledged to invest in cotton value-adding to boost Malawi’s benefits in textile industry following the establishment of diplomatic relations with the Asian country.

Bangladesh President Mohammed Zillur Rahman made the pledge when he received letters of credence from Malawi’s High Commissioner Dr Chrissie Chiwanje Mughogho last week.

Chiwanje Mughogho, Malawi’s envoy to India, said President Bingu wa Mutharika is committed to establishing strong  relations with Bangladesh.

According to a statement from the High Commissioner, who is based in New Delhi,  Mutharika  wishes to partner with Bangladesh in various sectors of development, especially in the agricultural sector.

Rahman is reported to have thanked Malawi for establishing a diplomatic relationship with his country.

“He said Bangladesh has keen interest in importing cotton from Malawi and invest in cotton value addition locally in Malawi before importation.

“He further elaborated that Bangladesh employs about 80 percent of its women in the textile industry. This is a model worth replicating in the empowerment of women in Malawi,” reads a statement signed by McDonald S. Mizati, first secretary (political) at Malawi High Commission in India.

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