The Republic of Zambia plans to attract Indian investments in energy, agro processing, manufacturing, construction and tourism. Investments are also invited in developing its national parks.
Opportunities
“There are a lot of investment opportunities in agriculture, manufacturing, energy, agro processing industries and construction of bridges and roads,” Susan Sikaneta, High Commissioner of the Republic of Zambia, told reporters here on Thursday.
She was addressing an interactive session organised by city-based Indian Chamber of Commerce.
The bilateral trade between Zambia and India stood at $190 million in 2011.
“We would like to see the number go up by three times over the next few years,” Sikaneta said.
Infrastructure development
According to Sikaneta, the country has also been focusing on infrastructure development for tourism. She emphasised on developing places like South Luangwa National Park, Kafue National Park, Liuwa Plain National Park as tourist attractions.
The Zambian Government is also working on creating key policies to support infrastructure development at Kasaba Bay. The country has identified 20 investment sites in the Province, located in Northern Zambia.
“We need more and more investments in the cement industry as a lot of construction works are under way,” Sikaneta said.
FDI
Stating that the country would not restrict 100 per cent foreign direct investment, she said: “We will always encourage investors to have partnerships either with the Government or any Zambian company.”
A Zambian delegation including Sikaneta is likely to meet the West Bengal Commerce and Industries minister, Partha Chatterjee, on Friday.