There are many Indian ventures successfully doing business in Mali. Some of them are:
• M/s. Sandeep Garg & Co. has taken the first iron ore lease in Mali and has formed a company called Sahara Mining. The same group recently held foundation stone laying ceremony of their integrated steel and power plant near Bamako. The plant, first of its kind in the country, would be a fully integrated steel plant with the capacity of 300,000 MTA of steel production and 70 MW of power generation. The total investment involved is estimated to be approximately US$ 300 million.
• The only cement factory in Mali is in the final stages of construction in collaboration with a private company in India. West Africa Cement Company (WACEM) owned by a Hyderabad-based group operating in Togo and Burkina Faso who had taken over a defunct cement making facility in Mali called Diamond Cement.
• Mohan Energy Corporation Pvt. Ltd. (MEC) executed 225 kV Cote d'Ivoire Mali Interconnection Project between Koutiala and Sikasso financed under Indian Line of Credit. The group has also taken one oil & gas block for exploration in the Taoudeni basin in Mali.
• Three Indian companies viz. Angelique International, KEC and Mohan Engineering executed the Cote d’Ivoire-Mali transmission link under a Line of Credit from the Government of India.
• M/s Steel Mali, owned by an Indian national with business interests in Ghana has emerged as an important supplier of construction steel in Mali.
• Another Indian company in Mali is a pharmaceutical distributor called Sopropha.
• GRAFAX COTTON S A R L, a multinational
company dealing in cotton and cotton by-products and established in
Republic of Mali in 2005 produces quality cooking oil and cotton seed
• Earlier, the Central Electronics Limited (CEL) had executed a contract worth US$ 225,000 for the Malian National Centre of Solar and Renewable Energy for the manufacture of Solar Photo Voltaic Modules and Systems.
• In October 2002, BHARAT Bhari Udyog Nigam Ltd (BBUNL) bagged a $5.5 million order from Societe DEMBA et Fils (SDF) of Bamako, Mali for supply of 350 four-wheel units of flat container wagons.
• More recently, M/s. Uttam Sucrotech International signed an MoU with the Government of Mali for one of the major agro-industrial projects in Mali - Markala sugar project located in Segou region. According to reports, the Indian strategic partner will invest approximately US$ 600 million to develop the 14,100 hectares of sugarcane plantation and produce 190,000 tonnes of sugar and 15 million litres of ethanol annually. The project will additionally co-generate 30 MW of electricity annually.