Indian High Commissioner to Zambia, Ashok Kumar says Copperbelt Province has a lot of copper and cobalt resources that can be used to manufacture electric batteries.
Mr Kumar said Zambia, particularly Copperbelt and North-Western Provinces are important places that the country can use to maximise revenue collection.
Mr Kumar noted there is need for Zambia and India to work together and exploit the potential that lies in the mining sector through the manufacturing of electric batteries.
Mr Kumar said this when he called on Copperbelt Province Minister, Elisha Matambo that there are alot of opportunities on the Copperbelt to expand the exploration in areas of geology.
Mr Kumar said only about 30 percent of these areas have been explored, hence the need to bring on board modern technologies to find out credible mineral resources in the province.
Mr Kumar said a lot of Indian companies have shown interest to explore the mineral resources and work with Zambian companies to maximise the potential in the mining sector.
The Indian envoy added that the two countries also have outstanding memorandum of understanding that should be strengthened especially in the area of geology.
He said Zambia and India will continue to work together for mutual benefits.
He expressed happiness that Zambia has remained a beacon of peace and stability in the region also stating that Zambia has also demonstrated a long peaceful relationship with the neighboring countries.
He said the recent funeral of fourth Republican President Rupiah Banda showed how the neighboring countries appreciate the efforts Zambia is putting in to ensure that peace prevails.
“Zambia has a strong peaceful relationship with its Neighbors. Zambia made a lot of sacrifices for the continent. The funeral of fourth president Rupiah Banda showed the relationship that Zambia as a beckon of stability in the region,” Mr. Kumar said.
Mr. Kumar added that India recognises all the efforts by Zambia to ensuring a peaceful environment in the region.
He said it is pleasing that after 57 years of independence, the relationship between Zambia and India has continued to be strengthened.
And Mr. Matambo assured the High Commissioner that President Hakainde Hichilema will put the economy of the country back on track.
He said President Hichilema wants to bring on board the private sector to help revive the economy.
“The President wants to bring on board the private sector. The economy should be private sector driven. To archive this, we want to bring the private sector to grow it, and peace is vital for all this to happen,” he said.
He said the Copperbelt is no longer a place where cadres can interfere with businesses.
Mr. Matambo also emphasised the need for investors not just focus on the mining sector but explore other opportunities in agriculture, tourism and manufacturing.
SO ITS MINING RIGHTS THEY REALLY WANT OK
And where are local Zambian investors….in the diaspora like Spaka and Tarino Orange…instead of investing back home busy scrubbing floors in the UK….it took President Kagame to recognize Livingstone as a potential investment hub for demagogue President HH to realize the same…..
The indian Afcon did a beauty on the Munali and Cosmopolitan flyover bridges. But in mining as exemplified by Konkola Coppee Miming fallout, the Indian mine mind flopped. Can the run these battery making companies viable? Doubts.
Let Naysayers continue blusffing me im the Felix Mutati Vuvuzela. Tiye nayo ba minister. PF cadres here were like Felix for Technology but see now how Technology Start-Ups are mushrooming in Zambia,infact when ratings are done next year,zambia will top the list of Technology startups. It will lead Africa in Tech,Finance and Biz. Keep nay saying as we are working
And HH first spoke publicly of Zambia making an Electric Battery in Dubai and as ussual Zambians thot he was bluffing. Instd of you following up and see how you could diffuse in this sector but instd busy typing insults on Lusaka Times. Mwanya, The foreigners will take all Electric Battery to themselves for simple reasons they are the only ones interested in following up on what HH wants Zambia to be. While you citizens are mocking him,the foreigners see a realist,not far fetched reality. And with this kind of political they know they dont need alot of money to start cos this is diamond, you dont get it anywhere in Africa but Zambia alone- Maybe Rwanda with Kagame but also he is limited,he hasnt pronunced “Private Sector Led Economy” so in this case Zambia is leading the pack.
Vendatta and Binani have left bad legacy about Indian investment in mining in Zambia
Let’s to get investors of value for long-term for our critical earth metals from India Investors like reliance technologies Mukesh D Ambani including in the ICTs and Telecoms
Due diligence in accepting Investments capital pledges ??
He is talking rubbish…Zambia may have those minerals but you dont get them already processed in the country, ask yourself why this Investor would come to Zambia with it high production costs when his uncle is in the streets in India picking litter and sitting in his own waste.
Already crying victory. Let’s wait until someone actually puts his money where his mouth is. So far in 8 months of UPND government we only got empty promises.
Hh selling our country again. Privatisation was not enough
Dangote with that Investments posture. Those real industrialists. I am sure you saw the fertiliser plant commissioning
Another Investor has come.lets hope it’s not
KCM type?How much is he investing?
They make money from here and claim to
Have invested.
Iwe chi toxic troll Kaizar Zero what’s worse than Lungu selling Zambia into Eurobond slavery and then defaulting? Wewe mjinga kama mkundu ya ngo’mbe.
Mlevi kanyonke pwazi yake if hh is so good