Thursday, April 18, 2024

Vice President Inonge Wina holds talks with India’s Shree Vagmi Cotton Limited

Share

Vice president Inonge Wina
Vice president Inonge Wina

VICE President Inonge Wina has held talks with India’s Shree Vagmi Cotton Limited, which will invest $7 million in the next three years to build a factory that will process cotton lint in 2019 alone.

Mrs. Wina who is accompanied by Zambia’s High Commissioner to India Judith Kapijimpanga has since toured Shree Vagmi Company Cotton Factory in Indore, in the Indian State of Madhya Pradesh.

She says she is happy to note that the Company has already acquired a 26 acre land in Mwembeshi area, Chibombo District, Central Province.

Vagmi Company Chief Executive Officer Amit Dwivedi says in 2020, his company will evolve from cotton ginning to a full textile which would resuscitate the once vibrant textile industry in Zambia.

Mr. Dwivedi said his company further identified Boniface Daka from Lusaka’s Chawama area who has been fully sponsored and is undertaking a year long training programme in India focusing on factory engineering and operations management.

He says the company will engage 23 000 cotton farmers from Mumbwa, Shibuyunji, Chipata, Petauke, Lundazi, Katete, among others, in the next two years.

Mr. Dwivedi says the company will be running an out grower scheme where it will supply farmers with seed, chemicals, wool packs and ‘we shall collect cotton from farming areas because we will procure an initial 15 trucks.

And Zambia’s High Commissioner to India Judith Kapijimpanga noted with gratitude that Vagmi Company is happy with a clear policy direction by the Zambian Government on value addition, and especially that the Cotton Board of Zambia has a fixed cotton price for a win- win situation.

Mrs. Kapijimpanga says Zambia has reliable transport system, hospitable citizens, peaceful, progressive legal and banking systems.

The High Commissioner said she is happy to note that Vagmi Cottons Company will also build houses for some Zambian staff running the factory.

The Vice President is later expected to hold talks with top investors in Indore City and meet a company specialised in securing public infrastructure.

This is contained in a statement made available by First Secretary Press and Tourism at the Zambian Mission in India Bangwe Naviley.

14 COMMENTS

  1. Am really disappointed with our leaders who are still begging for exploitative so called “investors” since 1991 ad they can’t read th atmosphere since. Wht hv we gained as a nation since privatisation started? We’ve lost billions of dollars to foreigners ad we still asking them. Why can’t as a nation look for money ad come up with our industries than always inviting foreigners ad whn they become rich they start insulting us. Let wake up leaders ad lets build this nation Zambia, nobody will do so.

    • The sad thing is that Mrs Wina’s trip India probably cost more than 7 million dollars.

      This is surely a very small investment that can even be done via email or telegram. Even WhatsApp could have worked fine.

      Some people have no shame wasting money that is so desparately needed in Zambia.

    • Amid fears that Zimbabwean Hospital Doctors Association (ZHDA) leader Dr Peter Magombeyi, who has gone missing, could have been abducted by that country’s state security forces, the South African Medical Association (Sama) has made an impassioned plea to President Emmerson Mnangagwa’s government to “help find him wherever he is held”.
      Sama’s appeal comes in the wake of a high court order, obtained by the Zimbabwe Lawyers for Human Rights (ZLHR), for any state agency holding Magombeyi to release him.
      Magombeyi, who was behind the protest by doctors for “a living wage” in the Zimbabwean public service, has not been seen since he sent a WhatsApp message last weekend, saying he had been “kidnapped by three men”.
      Zimbabwean doctors, who earn about R3,000 a month, have been on strike for…

    • …, have been on strike for better wages, equipment and medicines in state hospitals.
      “Missing and feared abducted,” reads the poster bearing Magombeyi’s photograph being circulated by the ZLHR, deepening a concerted campaign to find him.
      Sama chairperson Dr Angelique Coetzee said the organisation condemned the disappearance of Magombeyi “in the strongest terms”.
      “We are making a plea to the government of Zimbabwe to ensure that he is released, if government security forces are involved in the abduction.
      “From a human rights point of view, this is not acceptable because there are few medical practitioners in Zimbabwe,” said Coetzee.
      Anyone who abducted a doctor “for standing up to his or her rights, is an accessory to muzzling a right to free speech and to freely speaking out…

    • Before the end of Omar al-Bashir’s rule
      Doctors in Sudan emerged as a leading force in a wave of anti-government protests, but they paid a price for their defiance.
      On Thursday, witnesses say a doctor was killed by the security forces amid demonstrations in the capital, Khartoum.
      The protests began last month over the economic situation in the country but are now focused on removing long-time President Omar al-Bashir from office.
      One medic, who requested anonymity, told the BBC’s Newsday programme about the killing of his colleague and how doctors feel they have now become a target for the authorities:
      It was a very sad day for us in Sudan, especially for doctors. A doctor was killed while he was trying to perform his duty. He was helping those injured in Buri, which is an area…

  2. Zambia Zambia our Government failed to save Swarp spinning mills in Ndola which was modern EU standards compared to your new investors

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