Zambia’s High Commissioner to India Judith Kapijimpanga has called on investors from the Indian State of Punjab to consider Zambia as a destination of choice for trade and investment.
Mrs Kapijimpanga has also called on the Zambia Chamber of Commerce and Industry (ZACCI) to consider Punjab State and India in general to facilitate investment.
She said Zambia is politically stable, centrally located with access to eight neighbouring countries with whom Zambia has peaceful brotherly relations adding that it has a strong legal framework that protects private sector investment.
The High Commissioner said this when she addressed the 6th Machma Expo 2018 at the Glada ground in Ludhiana, Punjab, India, where experts showcased products from machine tools, automation and cutting industries, machinery and industrial products.
Mrs Kapijimpanga said Zambia is yearning for investment in the field of energy especially that energy tariffs are now cost reflective.
She stated that the exhibition is important as it gives great opportunities to over five hundred industrialists who exhibited to help them champion business growth in their fields.
Mrs Kapijimpanga has commended the Chamber of Industrial and Commercial Undertakings of Punjab for working with Zambia High Commission in India to woo investors.
She further said her Mission believes that technological empowerment is crucial for the promotion of products and services in a dynamic business environment.
Mrs Kapijimpanga has urged the one thousand two hundred members of the Chamber of Industrial and Commercial Undertakings of Punjab who undertake trips abroad to promote exports and investment abroad to sample what Zambia can offer.
She also praised other Indian companies that have a footprint in Zambia such as Nava Bharat running a sugar plantation in Kawambwa, SAFAL running a manganese plant in Serenje and TATA running various joint ventures among others.
This is contained in a statement released by First Secretary Press and Tourism at the Zambian Mission in New Delhi in India Bangwe Naviley.