India signs agreement to set agriculture institute in Malawi

India on Tuesday signed an agreement with a development bank for setting up India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.

The agreement was signed as a part of India's efforts to enhance capacity in the areas of agro-financing and entrepreneurship development for African countries, the Ministry of External Affairs said in a statement.

The ministry signed the MoU with National Bank for Agriculture and Rural Development Consultancy Service (NABCONS).