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Zambia invites Indian investment in textile sector

21
May '12
Obvious Mwaliteta, Zambia's Minister for Southern Province, has sought investment from Indian entrepreneurs in the country's textile industry.

During a meeting with Indian High Commissioner to Zambia, Mr. Ashok Kumar, the Minister said that the Government is keen to have Indian investment in the once booming Zambian textile and agricultural sectors.

He said the textile industry has considerable potential to boost the country's economy.

The Minister said that he hails from Kafue town, which was once known for the textile industry that is no more operational.

The Indian High Commissioner said that his country had invested in various sectors of Zambian economy. He said there is a lot that the two countries can together do to boost the Zambian economy.

Mr. Kumar said India-Zambia trade was growing and many Indian investors are keen to invest in Zambia.

Fibre2fashion News Desk - India


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