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Zambia has listed agriculture, mining, tourism, ICT,
energy, Education, manufacturing, energy and infrastructure as sectors viable
for possible Indian investment.
The southern African nation has since extended an
invitation to Indian investors to cast wide their search for investment
opportunities to include vastly untapped areas like agriculture, horticulture
and agro-processing and wild life tourism.
The invitation has been made on the sidelines of a 21-member
business delegation from Zambia, which is visiting India to canvass for
investment.
In the delegation are some government officials as well
as members of the business community from trade, industrial and SME sectors.
Among the economic strengthens noted as positive
attributes making Zambia a potential foreign direct investment are its ranking among
the top ten best reformers in Africa by the World Bank Survey of 2011 and the B+
credit rating by Standard & Poor.
The current main investors in some sectors in Zambia are Vedanta
Resources, Tata Africa Holdings, Kalpataru Power and Bharat Heavy Electricals.
Others are the Exim Bank of India with a 34 per cent share in
the Development Bank of Zambia besides the presence of Bank of India, Bank of
Baroda and Central Bank as equity partners with other Banks in Zambia.
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