One of Indian transformer manufacturing company has offered to set base in Zambia to service the country and the region.
PME Power Solutions India Limited Chairman Anil Aggarwal indicates that the planned investment in Zambia will gobble One Hundred United States (US) Dollars.
Mr. Aggarwal, who is also Indian Transformer Manufacturers Association President noted that the manufacturing plant in Zambia will create over 6,000 jobs.
He stated that the transformers are special as important as they are eco- friendly in line with the international climate change protocols adding that, they are specially designed as energy saving transformers.
In a statement released to ZANIS in Lusaka today by First Secretary for Press and Tourism at the Zambian Mission in New Delhi, India, Bangwe Naviley, Mr. Aggarwal noted that electricity is expensive to produce which has forced his company to start manufacturing energy saving transformers.
He further observed that each transformer can save K26,000 costs per day.
Mr. Aggarwal made these remarks when Zambia’s High Commissioner to India Judith Kapijimpanga toured the manufacturing plant in Greater Noida, India.
Meanwhile, Zambia’s High Commissioner to India Judith Kapijimpanga, said investing in Zambia will not only create jobs but contribute to Foreign exchange earnings through export of transformers.
Mrs. Kapijimpanga noted that government is looking for investors such as PME Power Solutions India Limited that can carry out value addition to copper within the country as copper cables are core components in the manufacturing process of transformers.
She stated that Zambia remains one of the best investment destinations of choice because of peace and a strong framework that protects private investment.
Is this Anil Aggarwal Vedanta- Konkola Copper Mines????
@1 YES INDEED- HE HAS COME WITH A DIFFERENT SUIT AND ZAMBIANS CAN’T IDENTIFY HIM.
That’s a common Indian name like your Bandas and Mwansas in Zambia
WTF gobble One Hundred United States (US) Dollars?
ZAMBIA IS LIKE HASN’T GOT A FACULTY IN THE TWO UNIVERSITIES (UNZA ANA CBU) WHICH OFFER ELECTRICA AND ELECTRONICS ENGINEERING PROGRAMMES IN ADDITION TO MECHANICAL ENGINEERING. HOW CAN ZAMBIAN GRADUATES IN THE ABOVE FAIL TO DESIGN (DESIGN?), A TRANSFORMER? WE CAN’T EVEN SAY DESIGN BECAUSE A TRANSFORMER HAS ALREADY BEEN DESIGNED. IT IS JUST A QUESTION OF FOR WHAT PURPOSE AND THEREFORE HOW MANY COPPER WIRE COILS AND THICKNESS TO DECIDE IT USAGE AND STRENGTH. DO WE NEED AN INDIAN TO COME AND START MAKING THEM. OR WHY NOT EMPOWER UNIVERSITIES THEMSELVES FOR MANUFACTURING INDUSTRIES?
@ PETER, I FEEL EQUALLY DISAPPOINTED .We don`t need aggarwal for this , we can do it our selves and export to other countries. Where are our CBU and UNZA graduates? When are you going to put your gvt to the test? . Aggarwal is just going to bring all Indians here to fill all the positions and pay a few Zambians who will be employed in that company Ngwees. Come on men and women of Zambia lets do it our selves. Aggarwal is a thorn in our fresh. We don`t need this man he has done us enough harm already. not any more!!! We need a disclosure report to the public on how much he is paying in taxes to the gvt and how many Indians are employed in the mines he now operates int he country. Also how much is he paying the Zambian miner. We want to know this urgently. He is a Gupta mentality kind…
I would like to see that business plan where the project coast is $100,000…are you sure this is a manufacturing plant or just a Warehouse to sell transformers. 6000 jobs!!! really laughable.
$100, 000 000 is quite substantial amount of money to set up such a venture …
$100K is not enough for a foreign investor
Go to this companies websites you will see commercial transformers on their product section; these things cost the same a vehicle, now you think a factory manufacturing these products would cost $100K …you think the Indians can leave cheap labour in the village to come and employ your blacks they look down on….this is merely an assembly plant or worse a storage distribution warehouse.
Wake up!!
Why can’t we do business with Japan. Seriously I do not trust India or Saudi Arabia or any other middle eastern nation. These are some shady culprits.
@6 Nzelu, YES it would be great to have Japan, or any western country BUT AS YOU MAY KNOW WELL, genuine investors from these countries are PICKY ESPECIALLY WHEN THEY HEAR OF CHOLERA IN THE CAPITAL CITY and STORIES OF CORRUPTION IN HUGE MAGNITUDES!! For now, let deal with our type THOUGH THE BEST IS TO CHALLENGE LOCAL ENTREPRENEURS AND UNIVERSITIES TO START PRODUCING SOME OF THESE THINGS!!
These Indian firms are full of fake investment pronouncements which never come to fruition. Just look at the Indian contractors who have lamentably failed to execute Government projects. They have failed to do a 15km Palabana road, they failed a ZESCO transmission Leopards Hill Luangwa Transmission line, they promised to upgrade and transform the Lusaka roads with overhead high ways, they have failed on KCM and now they yet want to raise our hopes, why?
Does it mean the Zambian High Commissioner to India is sleeping and in deep slumber?
This has nothing to do with GRZ..its just the Ambassador accepting an invite to tour the Indian Factory and having free lunch!!
??? Sometimes Jay Jay you impress me with your comments!
Even Spaka, look at his comments today on ci Larry Mweetwa icinangwa.
Spaka and Jay jay are now 5yrs 11months old,they are slowly moving away from there age mate ,in the next few months they will no longer be UNDER 5
Some of us only attack corruption, thuggish behaviour and mismangment not befitting the office of the presidency who’s picture our school kids look at every day…
With due respect, Indians are among the worst employers and managers. They don’t excite me. The biggest mistake Dangote has made is to entrust the management of his company to Indians. There’s slavery at Dangote Cement which is a ticking time bomb. All their trucks are not roadworthy, even tyres are worn out. I don’t even know why Buju hasn’t impounded them
A couple years ago it was Egyptians to set up a transformer factory. What happened?
all you guys read properly please…
it says they are investing 100 dollars only….
Agreed these all r horse traders. Should be banned in our country
Well they all r agents via local businesses man based in Zambia. They all shd be thrown out what Dai Amin did in uganda
Till to date president mussovani is under those horse traders sushi rupareillia n Karin with madhvanis so as in our country. Someone has to do revolution against all malpractices n corruption. It flows from top to bottom