All queries related to trade and investment regarding Mali may please be directed to:
Manoj B Verma
Second Secretary & Cd'A a.i
Embassy of India
Fax: 00223 20235417
Mali offers good opportunities and prospects for the Indian entrepreneurs and investors, especially in the fields of Agriculture (cotton, food processing, abattoirs and tanneries), Automobile (two-wheeler segment), Mining (gold, iron ore, phosphates, uranium, bauxite, zinc, manganese, tin and copper) and Pharmaceuticals (generic drugs). Malian economy is primarily based on agriculture and livestock husbandry which together account for almost 50 % of the country’s GDP. Mali is the second largest producer of long staple cotton in Africa, after Egypt. Mali is also availing of the benefits under the African Growth and Opportunity Act (AGOA) offered by the Government of USA.
Mali is one of the largest producers of mangoes in Africa but lacks processing facilities. Mali also has one of the largest livestock in Africa with 35 million cattle heads inclusive of 8 million cows, 26 million sheep and goats and approx 1 million camels. This provides opportunities in the food processing sector including meat – processing and setting up of modern abattoirs. Mali does not have any modern tanneries. Most of the raw hides and skins are exported. Malian government welcomes investments in these sectors.
Mali is Africa’s third leading gold producer (after South Africa and Ghana) and has an estimated reserve of 600-800 tonnes. Current production of gold is 60 tonnes per year. There is considerable scope for joint ventures for production of gold and fabrication and marketing of jewelery in Mali. Phosphates, uranium, bauxite, zinc, manganese, tin and copper are also abundant in Mali and remain unexploited. Oil exploration is also being undertaken. The Malian government is keen to undertake exploration and exploitation of Mali's mineral resources and has formally offered the rights on lease to GOI or government designated companies. This provides our public as well as private companies with ample opportunities to exploit the rich mineral resources of Mali. With a population of around 15 million exposed to tropical diseases, Mali is a good market for Indian generic medicines and pharmaceutical products. There is already good awareness of our capabilities and competitiveness in this area. This needs to be translated into commercial contracts for our companies. Automobile sector, particularly the two-wheeler segment, also offers good opportunities for our automobile and auto-parts manufacturers.