A F R I C A Commission in Zambia and the Zambian High Commission in New Delhi, has offered the commerce, trade and industry sector information on available machinery from India that can be used by small and medium industries, such as equipment for a pineapple cannery, mini cement plant and agro-processing. A Zambian delegation comprising five government officials, 12 chief executives of statutory bodies and 15 private sector business persons visited India between April 18 and May 5, 2003, as part of an Investment Promotion Mission which involved acquiring technical and technological knowledge on business. The report prepared by this delegation was shared with Zambian businessmen, institutions and business associations such as Small Scale Industries Association of Zambia (SSIAZ). As a part of the mission, the Zambian delegation tapped best practices in micro-finance since one of the main constraints facing micro, small and medium enterprises in Zambia is lack of finance. They gained practice in the management and monitoring of industrial parks, thus addressing the constraint of inadequate entrepreneurial skills. They also acquired techniques and technologies such as gemstone cutting and polishing, which addressed the third main constraint facing Zambian businesses of inadequate information with regard to sourcing technology. Networking, particularly identifying suppliers of equipment and various commodities for the Zambian market, was also facilitated by the mission. About 13 MoUs were signed between Zambian and Indian business stakeholders. Some notable examples include the MoU between Zambiaâ€™s Private Sector Development Association and the PHD Chamber of Commerce of India; Kunstocom Ltd., BAFCO Pharmaceuticals Ltd., Technicom Chemi Ltd. and the Education and Medical Foundation, which are all subsidiaries of the AKC Group of India, with the Ministry of Commerce, Trade and Industry, TEVETA, Evelyn Hone College and the Private Sector Development Association. The Zambian delegation signed MoUs with Hind Minerals of India; All Indian Management Association; the Centre for Development of Gems and Jewellery; as well as the Jewellers Association Johari Bazaar, Jaipur. A trade agreement was signed between Zambia and India during the state visit. However, it is yet to be implemented because the document may be still at the State House in Zambia. A Zambian delegation comprising the private sector, business associations, Zambia Bureau of Standards and Evelyn Hone College attended the International Technology Fair of India in November 2003 to acquire more information on available technology for various sectors particularly industrial sectors, suppliers of reasonably-priced laboratory-testing equipment and capacity-building of small and medium enterprises. Zambia has participated in a number of activities coordinated by the Indian government which include training and information-sharing at the India International Trade Fair.
Q U A R T E R L Y
Investment Promotion and Protection Agreement (IPPA) between Zambia and India The draft IPPA was initiated in March 2003 by Siakalenge, Director, Industry Department, and Subashini, First Secretary, Indian High Commission, Zambia, who sent the agreed text to Indian authorities. A response was obtained from the Indian High Commission in January 2004 for the draft IPPA to be initiated by Zambian authorities and First Secretary, Indian High Commission. Supply of Pharmaceutical Products to the Health Sector as well as Establishment of Joint Ventures to Manufacture Pharmaceutical Products. The problem of HIV/AIDS has been a major focus of attention of the SADC as about 15 million people are infected with the virus. There are other epidemic diseases such as malaria and tuberculosis for which African countries have to find affordable ways of treatment. Indian drugs cost less than onetenth of the cost of drugs from multinational companies. The speeding up of the ongoing efforts to harmonise registration procedures for drugs and pharmaceuticals at the SADC level would greatly facilitate investment from India in this sector. Technological Upgradation and Transfer of Technology Till date, some of the industries in Zambia are using machinery from India such as Castor Oils Zambia that purchased a castor oil processing machine at Techmart 2003. Lamise Investment Ltd., that produces biscuits, snacks, plastic products, mattresses, furniture and linen, currently uses moulds manufactured in India. Information obtained from the Zambian High Commission in New Delhi on food processing machinery was disseminated to the Zambia Chamber of Commerce and Industry and the Zambia Association of Manufacturers. Future Developments Zambia will continue to encourage Indian investments into its industrial sector, particularly in agro-processing, textiles, gemstones and other industrial sub-sectors, mainly by establishing joint ventures. Investment promotion will be one of the methods of achieving this objective. Zambia will continue to acquire and disseminate information on available technologies from India for all sub-sectors such as construction, light engineering, food processing, sericulture, lapidary, tanning and leather products, timber drying, furniture production, waste recycling and any other sub-sectors that will require information. The Ministry of Commerce, Trade and Industry led a business delegation to India for the India International Trade Fair, between November 14-27, 2005, where it held bilateral meetings with several stakeholders. During this investment and trade promotion mission, the ministry aimed to further promote investment in Zambian industries, lobby for more tech-
Published on Jan 31, 2007