India plans to setup agricultural institute in Malawi | Daily Current Affairs 2021

India plans to setup agricultural institute in Malawi

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India will be developing an agricultural institute in Malawi, a landlocked country in southeastern Africa.

According to sources, India has signed a memorandum of understanding (MoU) with the National Bank for Agriculture and Rural Development Consultancy Service (NABCONS) for setting up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.

Ministry of External Affairs signed on Tuesday with NABCONS for setting up IAIARD, an attempt to complement the efforts of the Government of India to enhance capacity in the areas of agro-financing and entrepreneurship development for African countries. According to an official statement, ‘IAIARD will be a pan-African institute wherein trainees not only from Malawi but also from other African countries, will receive training to develop their human resources and build their capacity. IAIARD will develop training programmes in the areas of micro-financing and agro-financing, among others. This institute will be the first of its kind developed in an African country by India. This will further strengthen bilateral relations with Malawi and India’s relations with the African Union’.

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