Africa-Press – Malawi. LILONGWE-(MaraviPost)-Ugandan Investor, Tirupati Development Limited has shown interest to invest in Malawi.
The investor has therefore asked Malawi’s Ministry of Trade and Industry to make an effort in making sure that about 15 Hectors of land for development purposes is available.
This follow the organization’s managers courtesy call made to Trade and Industry Minister Mark Katsonga Phiri on Wednesday, September 14, 2022 in the capital Lilongwe.
Speaking at the gathering, joint managing director for Tirupati Development Limited Miraj Barot said Malawi is the best land to show that small and medium grouping can grow and make a country self reliant.
He started by narrating the story of Tirupati Group that his father left India in the 90s in search of a green pasture and he struggled to reach the current stage.
“My father started from a humble beginning to a stage where the company capital is hovering around 100 million dollars because of dedication and focus in small and medium enterprises. We are into different sectors starting from construction to waste management.
“We want to bring interventions that will see the Malawian youth getting jobs for the development of their families and the country at large,” he said. The visit follows Katsonga ‘s visit to Uganda few months ago where he had time to visit few facilities.
According to the Minister, with the Ugandan state minister for industry, David Bahati, toured Tirupati Industrial Park in Kyebando along the Northern Bypass and Roofings Rolling Mills in Namanve Industrial Park.
“My visit was to benchmark what the government of Uganda is doing to promote import substitution and promote small and medium enterprises. I was impressed with the small and medium enterprises in Uganda.
“I noted that if Malawi indeed invests more money in the industry, SMEs can be developed. His Excellency the state President Dr. Lazarus Chakwera entrusted me with a Business Ministry, so we need to be thinking business all the time,” said Katsonga.
Katsonga further said he was excited with the model used by Tirupati, for the big investor to set up space for small manufacturers and provide them services, which he said should be adopted here in Malawi. He said small businesses, are important for the economic development of African nations, and must be recognized since they provide over 90% of jobs.
The Tirupati industrial area was commissioned by President Yoweri Museveni of Uganda in February 2015 and offers warehouses that accommodate different enterprises dealing in shoe making, milk, drinking straws, agricultural chemicals, crafts, waste management among others.
They are also involved in the university project in Qujarat Under SRI GROUP OF INSTITUTIONS and Himalay Ayurvedic Hospital and Pharmaceuticals. During the meeting in Lilongwe, Miraj Barot was accompanied by his father who is the chairman for Tirupati Group and Dr Emmanuel Del-Tumi, who is president and chief Copy-writer HCI Africa.
The team commended Malawi President and Trade Minister for the great work doing in making sure that Malawi become home for business people. During the meeting, minister of trade and Industry was accompanied by Principal Secretary for Trade and Industry Christine Zakeyo, Nwazi Mnthambala Principal Secretary for Industry, Francis Zhuwawo Principal Secretary for SMEs and other officials from the ministry of trade and Industry.
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