Through the MOU signed in Lilongwe, Malawi will be exporting 50,000 metric tonnes of pigeon peas annually for five years.
The trade agreement signifies the cordial bilateral relationship between the Malawi Government and the Republic of India.
In his remarks, Indian High Commissioner to Malawi, Shri Gopalakrishnan said the bilateral relations of the two countries have been strengthened further through the trade agreement.
"COVID-19 pandemic has badly affected the lives of people and economies around the world including India and Malawi," said the High Commissioner.
Minister of Trade Sosten Gwengwe, said the MOU is historical as it will help in turning around Malawi's trade fortunes up to the 2025- 2026 financial year.
He said Government will put in place measures that Malawi benefits from the Agriculture diversification exports.
"When presenting his letters of credence to the President, the High Commissioner assured us that his priority is to strengthen trade with Malawi," Gwengwe said.
The Minister added that Government will continue finding opportunities for the private sector for the betterment of the nation by embracing agricultural commercialisation.
Susan Chimbayo of the Nandolo Association of Malawi has since hailed the MOU saying it will improve the livelihoods of smallholder farmers in Malawi.
"This is a memorable day to us farmers because we will be able to sell the produce outside Malawi but let us form cooperatives," Chimbayo said.
Government officials from both Malawi and India including representatives from Farmers Union, business captains and other stakeholders witnessed the signing ceremony.
Pigeon peas represent 22 percent of total legumes grown in Malawi and the crop has a great potential of bringing the much-needed forex and improve the livelihoods of smallholder farmers.
Reported by Mayeso Chikhadzula, MBC Online Services.