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President Lungu will not meet Vedanta Chairman in India

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

State House has clarified that President Edgar Lungu will not be meeting the Vedanta chairman, Mr. Anil Agarwal or his representatives as he embarks on his state visit in India.

In a statement from India, State House Spokesperson Isaac Chipampe said there has been numerous queries and speculation that President Lungu will be meeting Mr Agarwal and that he is here at the invitation of the businessman.

“As informed last week by State House, the nation is hereby informed once again that his Excellency the President is in India at the invitation of India President His Excellency Ram Nath Kovind.”

Mr Chipampe said President Lungu is expected to meet representatives from 12 Zambian based Indian companies and KCM whose majority shareholder is Vedanta, is not one of them.

He said President Lungu has already stated that the Zambian government will follow the Zambian people’s wish over the KCM issue.

23 COMMENTS

  1. The fact that you’re spending a lot of energy repeating this statement it just shows that you’re doing damage control than asserting the truth. It sounds like he is the one who organized the whole trip but you didn’t want people to know.

  2. Neither will Edgar Lungu meet the millenium development goals in Zambia.As of now he’s falling even further behind.

  3. Lungu is being hosted by the Indian Govt and naturally the Indian Govt would like to get Assurances from Lungu and the Zambian Govt that Vedanta will be treated fairly in the KCM Shareholders Dispute. The Indian Govt will seek fair Compensation for Vedanta’s Shares in KCM. After Zambia pays fair Compensation to Vedanta the latter will happily walk away from KCM and Zambia with “kasaka kandalama”. Lungu was naive to think that he could sell KCM’ s Assets without Consent from Vedanta which is 80% Shareholder in KCM. The Indian Govt following this expropriation in KCM will advise Indian Investors of the dangers of investing in a Banana Republic like Zambia.

    • This is what the Zambians does not understand India has vested interest in this KCM debacle…all the top Directors, skilled staff are Indian. Lazy Lungu does not even need to meet KCM…Anil brings in a lot of money in India

    • The days of you Indians taking Africa for granted is setting, like our ancient trading partners China, Africans are awakening; like China we have seen through your sh$$t that stinks all the way from kalkata to Bombay ( Mumbai ). World wide Africans and black people have seen how you treated our brothers and sisters in your godless nation. Never again. We shall do business with better partners starting with fellow Africans. God riddance.

    • Jay Jay but the Zambians do understand. Am back to thinking my original thoughts of years ago. You are Indian, or of Indian descent and have your heart set in India and not Zambia or Africa. If so let me remind you, Africans don’t need India. We are a vibrant and a people waking up with enough resources and people. In a little bit we shall not need these leeches. Enough is enough, we will do business with people that respect our lands and people. Rich or poor. This is our God given earth home; no one will make us suffer any longer. Even those of our own kin and people. We are God loving people that have overcome colonialism and apartheid. We are overcoming global economics one brain at a time. Wake up.

    • Nzelu – dont be a lazy thinker my friend…we were calling for the likes of KCM to kicked out of Zambia long before Sata and PF came into power in 2011 ok? Do you not the transfer pricing debates on LT in 2009. You dont even know what patriotism is about its not supporting wrong procedures Lungu would have kicked them out but he decided to cut corners so he could hand the mine to his favoured investors and yours the Chinks.

  4. just how stupid does one have to be to believe KCM will not be discussed in India? VENDETTA is big in mining they are obviously to believe their reach doesn’t reach the president and prime minister of India is like saying a mother of four is a virgin. politicians should stop taking us for fools. just tell us the truth and assure us regardless the interests of the Zambian pipo will be protected. if the pm or president of India brought up the issue in a meeting you think Mr lungu our president is going to say I don’t want to talk about it?

    • PF have become so arrogant…I mean if RSA banned TradeKings products from Zambia and its president happened to visit, you are telling me this topic would not be discussed…this trip was ill timed and should never have taken place but this lazy moron loves to travel especially minus his wife so he can play around like a small boy. Which head of State travels for months on end with his wife.

  5. WE ARE NOT STUPID LIKE IT OR NOT IT WILL BE DISCUSSED. JUST ASSURE US THAT OUR INTERESTS WILL BE PROTECTED. VENDETTA ISNT A SMALL COMPANY THAT THEIR REACH DOESN’T REACH THE PRESIDENT OR THE PRIME MINISTER OF INDIA. ARE YOU SAYING IF THE INDIAN PRESIDENT BRINGS UP KCM IN A MEETING WITH OUR PRESIDENT HIS RESPONSE WILL BE I DON’T WANT TO TALK ABOUT IT BUT LET’S SIGN A MEMORANDUM OF UNDERSTANDING IN MINING? AS ZAMBIANS WE NEED TO STOP OUR POLITICIANS FOR TAKING US FOR FOOLS. THE PRESIDENT IS THERE BECAUSE HE NEEDS TO JUSTIFY HIS FIGHT WITH VENDETTA AND ASSURE HIS COUNTER PART AND BUSINESS COMMUNITY THEIR INVESTMENT IS SAFE. NOTHING OUTSIDE THAT

  6. This vedanta issue is water under the bridge. These attempts by them and their proxies to sway public opinion in their favour is not working. You had your chance to make money and now it’s gone, using South African courts and foreign governments to settle Zambian matters will not work. Well done GRZ.

  7. “What other countries should realize is that the regulating big tech is not going to be a purely legal affair. The Internet is stillI unfinished. Like India countries that believe in openness.”

    “Thus was born Aadhaar, the world ‘s largest biometric ID project.”

    “If the idea that digital infrastructure should be a public good is the first great principle of the Indian approach to the Internet, the second is that people should be in powered by data.”
    -by Nandan nilekani.

    Please represent us as informed Zambian and have honest discussions.

  8. We only hope that he won’t commit the nation to loans. The only thing that comes out of his travels, are contractual loans. He is subjecting the nation to loans which will be difficult to pay. His global tour has not attracted anything apart from loan obligation to the nation.

  9. Who cares what he does or whom he meets there in India? Let him just enjoy the comfort of an Indian hotel while his people back home are going to bed on empty stomachs due to skyrocketing mealie meal prices

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