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India Investments Hit $5 Billion in Zambia…as Lungu Hails Historic India-Zambia Relations

President Edgar Lungu says his recent visit to India has borne fruits with fast track interest in Zambia from the Indian business community.

During the opening of the Regional Conclave on India Southern Africa Project Partnership, Lungu said Zambia and India enjoyed a rich historical relation that had been fostered over the years.

“This event is timely considering that I recently returned from a State visit to India during which I held fruitful deliberations with their excellencies the President and Prime Minister of India, and we agreed to further enhance cooperation between our two countries,” he said.

He said that collaboration between Zambia and India had translated into about Five billion United States dollars direct investment.

Among the notable fliers of Indian businesses in Zambia are Taj Pamodzi Hotel, Bharti Airtel and Indo-Zambia Bank.

The Conclave is a project that focusses on economic, and commercial deliberations through business to government and business to business engagements.

Over one hundred private sector representatives of the chambers of commerce and industry in the SADC region and more than 50 potential investors from India.

Lungu said the Conclave will help supplement Zambia’s huge economic drive anchored on infrastructural development.

 

23 Comments

  1. Joe London

    Thank U Mr President, we can really see that all your trips around the world are Fruitful and Beneficial to mother Zambia.

  2. The Seeker

    @ Joe London Seeing and feeling are two different things. One can see something,yet not feel it’s impact. The economy is bad because these investers all the profits they make in Zambia back to their countries, nothing is left with us here. So there countries end up developing, their countries economies grow stronger, while ours continue to be weaker and weaker.

  3. The Seeker

    @ Joe London Seeing and feeling are two different things. One can see something,yet not feel it’s impact. The economy is bad because these investers take all the profits they make in Zambia back to their countries, nothing is left with us here. So there countries end up developing, their countries economies grow stronger, while ours continue to be weaker and weaker.

  4. Frank Chombela

    There are cooperation agreements signed btwn Zambia and India dating from Kaunda’s days whose original copies can’t be traced. As usual Zambians don’t know.

  5. Kicks

    No salt.

  6. puzzled

    @seaker you are 100% correct these so called investors are very clever what ever profit they make they take it back 2 there country of origin n invest more there,gvt shouid be a bigest investor here exportn alot of good u wil c our currency going strong lather than dependn on 4ren investment,they can do it nw nkani ya corruption yapaya chalo

  7. Ba Five kwacha

    But I don’t know? Investors there coming in zambia but nothing is changing in our contry,,enconomic just going hai, investors with laod shedding,mukabapeleshi ba govt please,muleibwelamo fimo ifintu,so ni nkongole mulefwaya mukongole kundia ,limbi namungavulakale, ba zambia,

  8. Christopher M Muhammad

    sounds good

  9. Razor

    Yeah let them come. We shall see how they will survive with no electricity, high fuel prices,high taxes and when the local authority asks them to apply and pay for 50 different types of licences etc etc..

  10. Ba PUKA

    We thank you for your efforts, Mr President, 🇿🇲but my worry is that, hope you won’t allow vidanta 🏯 agawa, won’t be able to come again to invest in Zambia, coz he made chingola to look like a dessert, please ba ka Teka stick to your words.🎯

  11. Ba Gaza

    This president is just creating ways of bringing this Indians here at the end of his leadership China guys n Indian guys they will turn this country to theirs fuck

  12. Dude

    Its just a lie no one will see the use of that just waiting for 2021

  13. Edwardo

    Good move there, we hope Zambia will benefit. How ever, the government should start copying some business strategies from China and India e.t.c these countries have performed beyond expectations since 1960. How I would have loved the government to start investing more in the manufacturing industry and also support the youth in the area of technology. Also promote the buy Zambian products / services slogan.
    Zambian youths can develop almost everything ,the government should not always looking very far…

    • Ndoleleshafye

      @Edwardo what does Zambia produce?You are saying that the government should promote the “Buy ZAMBIAN,By ZAMBIANS “When we don’t produce anything. Everything is imported starting from a needle to automobiles.

      • poncho

        I’d attribute that to the poor educational system which produces only employees instead of employers, consumers I and not producers, and mainly define students as failure’s. This system is a dream killer. Most of these kids the violent rebels or cadres were once in school at least most of them until they were told they couldn’t be anything more than junkies. Despite its produce its becoming ridiculously expensive and unaffordable for most people. One woman told me this she said, “if you wanna feed a man give him maize, but if you wanna feed a nation educate him.”

  14. Ndoleleshafye

    @Edwardo what does Zambia produce?You are saying that the government should promote the “Buy ZAMBIAN,By ZAMBIANS “When we don’t produce anything. Everything is imported starting from a needle to automobiles.

  15. Poncho

    Honestly, I see nothing to be proud of here. Dr. President should remember that not all Zambia is state house. Just because things are well there doesn’t mean all is well with the nation. You will never starve a day as long as you are in that house. Your reign will sooner or later be over and you would have stlled your

    • poncho

      Settled yourself for life, then the impact of all these trips some of which are necessary will be felt by us, the people. Soon we will discover that we are in great debts which we can ever pay back not even in a 100 years time. I write this with a heart full of love and pride for my country. A heart which cant stand to see another downfall of this potentially great nation. I do not hate you Dr. President, but I do not support everything you doing. Its okay to talk about agreements, cooperation’s, and deals you are signing with these investors on behalf of the nation but I’d prefer you talk more about the benefits of Zambia as a whole through these deals you making for us. Unlike bragging about mere trips and fruits from mere talks.

  16. Mathews

    We need to reduce these investment things let’s work together as a country. We stand firm we can develope our country.

    • poncho

      Yeah man. We will never learn to stand on our own if every leader that comes into power has a beggar’s mentality. Every investor seeks a harvest, and remember a harvest is expected in greater measure. When we bring in investors probability is that we lose more than we gain. The idea of infrastructural development is not bad but the method being used to reach that goal. What I know is that a nation is too great for one man to build. Read about great leaders e.G Nehemiah he rebuilt the city walls of Jerusalem with the help of his fellow countrymen.

      I mean being the cup bearer and the king’s trustee, he had the privilege to ask for a foreign army of his master to help him with the rebuilding of his nation but he didn’t. No matter who you are you need a teachable spirit.

  17. Jahmannahtali

    We can’t do any anything on our on unless the China man ? We have brain than the one who sites on the throne

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