India- Zambia trade increased in the year 2017

Posted on : 04-01-2018 | Back | Print

Trade between Zambia and India improved from Six Hundred and Fifty Million US Dollars ($650) in the year 2016 to Nine Hundred and Eighty Million US Dollars ($980) for the year 2017.


Zambia’s High Commissioner to India Judith Kapijimpanga said the mission was happy as it was targeting trade between Zambia and India to reach One Billion USD Dollars ($1bn) mark.


“Business visas issued to Indian traders and investors also increased from three hundred (300) in the year 2016 to five hundred and twenty (520) in the year 2017,” she said.


Mrs. Kapijimpanga said the Mission was engaged in various activities that promote investment, trade and economic cooperation between Zambia and India and countries of extra-accreditation, namely; Singapore, Sri Lanka, Bangladesh, Nepal, Myanmar and the Maldives.


“The Mission attended several meetings and hosted several others to ensure that the objectives of attracting Foreign Direct Investment and enhancing Zambia’s international trade are realized,” she said.


The High Commissioner had since appealed to all stakeholders to move with speed in ensuring that prospective investments were actualized as the Mission’s mandate ended at marketing the country.


This was contained in a statement made available by First Secretary Press and Tourism at the Zambian Mission in New Delhi India, Bangwe Naviley.



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