9.5 C
Alba Iulia
Wednesday, May 27, 2020

Kapijimpanga woos Indian investors

Economy Kapijimpanga woos Indian investors

Zambian High Commissioner to India Judith Kapijimpanga
Zambian High Commissioner to India Judith Kapijimpanga

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.

[Read 1,023 times, 1 reads today]

4 COMMENTS

  1. It’s great to have investors coming into the country and investing. It’s also vitally important to have our own people creating and setting up ventures that can empower our fellow brothers and sisters.. As we push for investors to come, let’s also push for favourable investing conditions for our people at local level.. Thank you.

  2. The environment is dynamic especially with external forces where you have no control.It requires strategic leaders to use capabilities and core competencies so as to have competitive advantage.

  3. Investors coming but no benefit to Zambians.pass investor benefits to
    Local people especially in compounds.
    Let them adopt one compound per any big investor.Improve water and sanitation
    and houses in compounds.

Comments are closed.

- Advertisement -
Loading...

Latest News

Kenya Defender Mohammed Praises Nkana’s Management

Kenya international defender Musa Mohammed says Nkana is run at a very professional level. Mohammed joined the record 12-time champions...

Lusaka Mayor Miles Sampa Unreservedly Apologises To The Chinese Community And Government Leaders

Lusaka Mayor Miles Sampa has issued an apology to the Chinese Community and other leaders. In a statement released to the media, Mr. Sampa...

President Edgar Lungu Pardons An Additional 249 Inmates

President Edgar Lungu has pardoned an additional 249 inmates as part of the commemoration of the Africa Freedom Day. The measure has also been taken...

Zambia’s Maize Production Seen To Jump 69% to 3.3 Million Metric Tonnes

Zambia has returned to bumper Maize harvest this year after it recorded an estimated 3,387,469 metric tonnes in the 2019/2020 agriculture season. This is an...

Health Minister Dr Chitalu Chilufya has Tested Positive for COVID-19

Health Minister Dr Chitalu Chilufya has tested positive for COVID-19. Dr Chilufya becomes the second Cabinet Minister to test positive for the pandemic...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]