Tuesday, March 5, 2024

Zambia, India holds business forum, sign 4 MOUs


President Edgar Lungu says he expects trade exports to India to exceed U$D1 billion by the end of this year.

President Lungu regretted that Zambia’s exports to India are less than eight hundred million US dollars.

Mr. Lungu has since challenged the business community to take advantage of the bilateral and trade ties that exists between Zambia and that country.

The Head of State said this during the Zambia-India Business Forum held in Lusaka today.

The Forum is organised by Government through the Ministry of Commerce, Trade and Industry under the auspices of the Zambia Development Agency(ZDA).

President Lungu said government through the Seventh National Development Plan(7NDP) wants to promote and accelerate trade by diversifying Zambia’s economy through a resilient but robust industrialized path or agenda.

He said to achieve this agenda, the private sector is key in participating in the activities that will help grow the country’s economy.

The Head of State noted that Zambia is endowed with abundant natural resources such as water, land and good soils that can spur economic growth.

The President said this is also evidenced by a number of visitations by former Republican Presidents as well as current serving government officials from India and other countries.

And the visiting President of India Ram Nath Kovind disclosed that his country would continue assisting Zambia become a regional hub for pharmaceutical products since it imports most of her medicines.

The Indian President said trade investment between his country and Zambia would soon hit U$D5 billion in key sectors of the economy such as energy, tourism, education, health among others.

Mr. Kovind said there is still room for expanding linkages and entrepreneurships through the bilateral relations which have continued to exist for many years now.

He called for the establishment of the India-Zambia trade corridor through the established Chambers of Commerce (Zambia’s Industrial Chamber of Commerce and that of India).

The two Heads of State commended the holding of the Forum saying it was a platform for intensifying trade investment opportunities and also assured that their governments are catalysts for promoting trade by empowering local businesses.

The forum was attended by senior government officials from both India and Zambia and representatives from the private sector.

Vedanta Resources PLC Chairman Mr Ail Agarwal meets Indian President and President Lungu at Business Forum in Lusaka08I0109
Vedanta Resources PLC Chairman Mr Ail Agarwal meets Indian President and President Lungu at Business Forum in Lusaka

The Ministry of Health and Apollo Hospitals of India has signed a Memorandum of Understanding (MoU).

The MoU is based on technical assistance, capacity building and exchange programmes among others between India and Zambia.

Minister of Health, Chitalu Chilufya signed on behalf of the Zambian government while Apollo Hospitals of India Vice President Dr. Haariner Singh Sidhu signed on behalf of the hospital.

The two governments reaffirmed their commitments to improving the welfare of the Zambian people with regards to the provision of quality health care services.

Dr. Chiluya noted that India is endowed with highly expertise in cardiac hence Zambia can learn from that country.

Dr. Chilufya stated that the number of referrals abroad would now be reduced following the historic signing of MoU which is driven by the private sector in improving the health sector in Zambia.

The signing in ceremony was witnessed by Foreign Affairs Minister, Joseph Malanji, Zambia’ High Commissioner to India Judith Kapijipanga, Medisys Limited Executive Director Chandan Yadav, senior health and government officials.


  1. Two very filthy countries meeting for dirty business? One has reccurring cholera and the “superpower” famously has no toilets -birds of a feather indeed.

  2. India has the most brilliant minds in the world but its inequality and extreme poverty is its greatest let down. It may be the fastest growing economy in the world but its GDP per capita remains low. The extreme poverty levels in India are even lower than in many African countries which tells you how bad their situation is. India has managed to succeed in manufacturing where other nations have failed- Indian automobile industry is a success story, same with textiles and their food and beverage sector. We can still learn a lot from this great nation that is India.

    • @Vision, you are wrong bro. Indians are 1billion, that’s why you find some.
      You can’t compare Indians to Japanese. If I will trust a Japanese doctor over an Indian.

  3. Which part of India do you know Mzambia wa Zamani even England is dirt compared to countries like Japan, Malaysia. let India do has to do

  4. Please tell that workshy Lungu that that Indian man is a figure head…get back to work you bum..let Bo Inonge tour with that Kovind chap.

  5. This lazy Lungu is so happy that you wouldnt sit down for a minute and think if Indian govt was passing through RSA, Nigeri, Ghana they would send a chola boy figurehead…there is a reason why the sent this chap for countries like Swaziland, EQ Guinea….as they are not important. The lazy Edgar has taken a week offf today he will be dancing again with Tswana President.

Comments are closed.

Read more

Local News

Discover more from Lusaka Times-Zambia's Leading Online News Site - LusakaTimes.com

Subscribe now to keep reading and get access to the full archive.

Continue Reading