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India - Lesotho Business and Cultural Council

Lesotho, a high-altitude, landlocked kingdom encircled by South Africa, is known for its mountainous terrain, rich culture, and vibrant traditions. Its capital is Maseru, and the country has a population of about 2.1 million people.

Ambassador and Consul General

The Global India Business Forum team met Mr. Thabang Linus Kholumo, Charge’d’ Affaires and Mrs. Marosa Khojane, Third Secretary, High Commission of the Kingdom of Lesotho. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari explained the objectives of GIBF and the work done until now. GIBF and the Embassy agreed to work closely to boost India-Lesotho bilateral relationship.

embassy-of-lesotho-ambassador-and-consul-general

Clothing, Diamond, Road vehicles, Wool, Water

Food, Fuel, Machinery, Building Material, Medicine

About Lesotho

Lesotho is an enclave country which resides within the borders of South Africa. It is one of the only three independent states like Vatican City and San Marino to have been completely surrounded by the borders of another country. It declared its independence in 1966 from the United Kingdom and is also now a member of the United Nations, the Commonwealth of Nations, the African Union and the Southern African Development Community (SADC).The highlands of Lesotho have UKhahlamba-Drakensberg in South Africa as its neighbour and together they form a hub of ancient floral biodiversity. More than 2000 plant species are indigenous to this region and roughly 30% of these plant species are endemic in nature, which means that these plant species cannot be found anywhere else in the world. Unfortunately, more than 100 of these species have been declared as globally threatened. The temperatures in summers can reach up to 30 degrees Celsius while the winters can be a little extreme as the temperatures might even reach -18 degrees Celsius sometimes. The Lesotho economy’s income is heavily dependent on agriculture, livestock, manufacturing and mining. Also, the country is heavily dependent upon the workers’ remittances and receipts from the South African Customs Union (SACU).

Business Opportunities in Lesotho

There are a lot of business opportunities in Lesotho, especially in the garment and clothing sector. Lesotho has a stronghold over the textile, footwear and garments industry and hence emerging sectors like knitting fabric mills, accessories, packaging, leather and footwear, assembly of customer electrical and electronic products, mining of minerals and many more can act as attractive investment opportunities for nations across the world.

Exports and Imports In Lesotho

Overview In 2022 Lesotho was the number 158 economy in the world in terms of total exports and the number 165 in total imports.

Top Exports of Lesotho

The top exports of Lesotho are Diamonds ($409M), Knit Women's Suits ($99.5M), Non-Knit Men's Suits ($98.1M), Water ($62M), and Knit T-shirts ($61.6M), exporting mostly to South Africa ($434M), United States of America ($327M), Belgium ($219M), United Arab Emirates ($73.6M), and United Kingdom ($32.4M).

Top Imports of Lesotho

The top imports of Lesotho are Refined Petroleum ($227M), Light Rubberized Knitted Fabric ($103M), Raw Cotton ($85.9M), Electricity ($52.9M), and Synthetic Filament Yarn Woven Fabric ($37.9M), importing mostly from South Africa ($1.46B), China ($116M), Chinese Taipei ($91M), Zimbabwe ($67.2M), and India ($32.2M).