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Zambia looks to India for investments

Insists on direct flights to Mumbai, New Delhi

Restructuring on cards in absence of moratorium: HDFC Securities
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Restructuring on cards in absence of moratorium: HDFC Securities

Zambia seeks increased investments from India and direct air connectivity between Mumbai and New Delhi to facilitate growing bilateral relations, officials of the East African country said on Thursday.

In his address at a virtual expo launch which will be online from July 15 to October 15, Zambian High Commissioner to India Ngulkham Jathom Gangte said that India is one of his country's major trading partners.

The trade between the two nations has grown five-fold in the last decade and the cumulative investments of Asia's third-largest economy in Zambia has surpassed $5 billion, he said.

There are significant Indian investments in telecom, tourism, healthcare, mining and other sectors and Zambia hopes to further strengthen relations between the two nations, said Gangte.

Zambia Development Agency's Director General Mukula Makasa said that his country wants to launch direct flights between Lusaka and Indian cities like New Delhi and Mumbai as currently Indians can visit Zambia only via Qatar, Rwanda, Ethiopia, and Kenya.

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