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India to start India-Africa agriculture, rural development center

Christian Fernsby |
The Ministry of Foreign Affairs of India signed a memorandum of understanding with the National Bank for Agriculture and Rural Development Consultancy Service to set up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.

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The initiative seeks to complement the government's efforts to enhance capacity in areas of agro-financing and entrepreneurship development for African countries, a statement from the Indian Ministry of Foreign Affairs said on Wednesday.

IAIARD will be a Pan-African Institute wherein trainers, not only from Malawi but also from other African countries, will receive training programs in areas of micro-financing and agro-financing.

New Delhi will bear the entire expenditure on Indian teachers, travel costs, logistics and training course for students from other African countries for an initial period of three years.

This institute will be the first of its kind developed by India in an African nation. This will further strengthen bilateral relations with Malawi and the African Union.

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