Zambia seeks private investment from UP

The landlocked African nation of Zambia has solicited private investment from Uttar Pradesh in diverse sectors, including mining, agriculture, transport, education, health, horticulture, food processing, energy and tourism.

Zambia has assured prospective industrialists from UP of faster processing of their investment proposals and proactive support from the federal dispensation.

In this regard, Kely Walubita, High Commissioner of Zambia to India, held an interactive session with representatives of sugar, infrastructure, food processing, manufacturing and engineering industries here. The session was organised by Confederation of Indian Industry (CII) UP State Council.

Walubita said almost 80 per cent of the medicinal drugs entering Zambia were of Indian origin, although a bulk of it was imported from third countries, which shows the huge potential for direct trade between the two countries.

Mentioning that Zambia had large tracts of land demarcated for sugarcane plantations, he invited the entrepreneurs to set up sugar mills and tie-up with local farmers to grow the crop for them.