Categories: Editor's Picks

Indian Company eyes Zambia

An Indian company which manufactures energy efficient and solar equipment, Switcher India LLP, has announced intentions to partner with a credible Zambian company in its expansion programme.
“Our company which has over 5000 Indian local distributors has been convinced by Zambia’s High Commissioner to India Judith Kapijimpanga to consider Zambia as the best destination for investment,” Switcher India LLP Business Head Kapil Sobti said.
Speaking when Zambia High Commission in India staff toured the manufacturing facility, Mr. Sobti said the company had more women in the manufacturing chain in line with Indian Prime Minister Narendra Modi’s women empowerment agenda.
“Zambia stands to benefit through jobs and energy efficiency especially for highway projects as the equipment comes with motion sensors and cameras,” he added.
Mr. Sobti said the LED lights and switchgear products as well as the solar LED home lightings and appliances were important for Zambia in light of challenges of counterfeiting that affected quality of energy products.
Trade volume between Zambia and India now stood at US$1 Billion while total investment from India was at US$8 Billion.
This was contained in a statement released by First Secretary Press and Tourism at the Zambian Mission in New Delhi, India, Bangwe Naviley.


_________________________________________
MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE
_____________________________________________

More From Author

Marketing Like A Prostitute

Ndiili Kunda and Michael Mulusa have an interesting conversation on hands-on marketing with Edwin Ngwane…

Read More

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

EAZ underscores urgency of addressing pressing economic issues ahead of Summit

  There is need to navigate the economic headwinds with determination, resilience, and a shared…

Read More

Mfuwe International Airport to be temporarily closed for rehabilitation

Mfuwe International Airport infrastructure has recorded marked deterioration. During the rehabilitation period which is expected…

Read More

ZICA calls for recruitment of registered accountants in Councils

Recruitment of registered accountants in local authorities will lead to significant improvements in financial management…

Read More