INDIAN INVESTORS ELATE EAZ

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By SILUMESI MALUMO

INDIAN investors have impressed the Economics Association of Zambia (EAZ) because their business model is not based on providing services to government or getting government contracts.

Economics Association of Zambia president Lubinda Habaazoka said it is good that the Indian model is based on creating new businesses in Zambia from ground up and producing private goods.

Dr Habaazoka said such green fields had the potential to create jobs, especially for the youth.

The Indian businesses were also willing to partner with local entrepreneurs.

Dr Habaazoka advised Zambians with ideas, those who owned land but had inadequate skills or capital to engage the Zambia Development Agency (ZDA) or the Ministry of Commerce, Trade and Industry to be linked to Indian investors.

He said most Indian investors wanted to partner with locals.

And Dr Habaazoka says it is shocking that President Edgar Lungu went to India to attend a business forum with few people in his delegation.

He was amused that technocrats from the Ministry of Mines and Minerals Development were not in the delegation when they were supposed to give advice to investors on how best to invest in Zambia’s mining sector.

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