ZAMBIA CALLS ON INDIAN INVESTORS TO EMBRACE FAVORABLE BUSINESS ENVIRONMENT
Zambia’s Acting High Commissioner to India, Mrs. Deliwe Mumbi, has urged Indian investors to capitalize on Zambia’s conducive business environment and its strategic position in the region by establishing industries in the country.
During a meeting with a delegation from the Indian Chamber of Commerce and Business (ICIB) on Friday, Mrs. Mumbi highlighted Zambia’s attractiveness for Foreign Direct Investments (FDIs), emphasizing its land-linked status, which provides easy access to a vibrant regional market for goods and services.
She underscored that investing in Zambia would offer Indian companies a competitive advantage in accessing regional trading blocs such as the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC), in which Zambia plays a prominent role.
Bennie Mundando, First Secretary for Press and Tourism at the Zambia High Commission in New Delhi, reported that Mrs. Mumbi encouraged Indian investors to collaborate with local companies, contributing to the country’s economic development.
“We are land-linked and surrounded by eight countries, providing an available market for your products. Our President has been instrumental in improving connectivity, including the Lobito Corridor through Angola, offering the shortest route to the port,” Mrs. Mumbi remarked.
The Acting High Commissioner praised the Chamber’s focus on promoting small and medium enterprises, which aligns well with Zambia’s youthful population and the need to address youth unemployment.
Mrs. Mumbi also highlighted the immense investment opportunities in Zambia’s tourism sector, urging Indian companies to explore the potential beyond safaris and the famous Victoria Falls.
ICIB President Manpreet Singh expressed the Chamber’s commitment to a unique approach to Africa, focusing on establishing local investments for domestic production and export to other countries, including India.
Mr. Singh emphasized ICIB’s interest in Zambia due to the country’s favorable business environment and announced plans for an Indian company delegation to travel to Zambia for further engagement with relevant authorities by the end of the year.
Founded in 2007, ICIB is present in about 42 countries worldwide and 12 states within India, serving the Micro, Small, and Medium Enterprises (MSME) industry.
