India announces $55 million in assistance for Malawi | world | Hindustan Times
Today in New Delhi, India
Aug 18, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

India announces $55 million in assistance for Malawi

As part of India's efforts to reach out to people of Malawi, Vice President Hamid Ansari today announced an assistance of $55 million for the southern African country.

world Updated: Jan 08, 2010 16:19 IST

As part of India's efforts to reach out to people of Malawi, Vice President Hamid Ansari today announced an assistance of $55 million for the southern African country.

Addressing a banquet held in his honour here, Ansari, who is on a week-long tri-nation visit to Africa, said India would like to extend a Line of Credit of $50 million for Malawi to support its development goals besides giving four million in grants for its agriculture, health and education sectors.

The Indian Vice President also announced a grant of dollar one million as emergency relief for the country following a series of earthquakes that caused loss of lives and property there. He said the ties of friendship between India and Malawi are based on same values and commitments.

President of Malawi Bingu wa Mutharika, who hosted the dinner in the honour of Ansari, recalled his association with India calling himself a "product of India".

Mutharika, who pursued his Graduate and Masters degrees from Delhi University, spoke fondly of Punjabi Bhangra dance and Indian festivals, saying, "sometimes I consider India as my second home."

Ansari invited the Malawian President for a visit to India saying he would then be able to see how much the country has changed in last 40 years after his student days there.

The President also chose the occasion to seek India's assistance in hydro-power generation and mining as well as in the area of food security in the country.

China has been taking interest in the recent past in the mineral-rich African nation.