Zambia appoints NOESIS as investment promotion advisor in India

New Delhi, Oct 16 (UNI) The Zambia Government has appointed NOESIS Strategic consulting company as its principal investment promotion advisor in India.

According to an statement issued here today, the deal has been signed with an objective of inviting investments from India to tap the captive mineral resources in Zambia.

A Memorandum of Understanding (MoU) to this effect was signed here on October 14 at the office of the Zambian High Commissioner here where the High Commissioner Keli Walubita was present.

Zambia has the world's largest deposits of copper and other minerals and ores. The Zambia Government is keen to maximise value addition and in this context is keen to attract investments from India.

Given its geographically strategic location, Zambia aims to become a manufacturing hub in sub saharan Africa. Two export processing zones, with the assistance of Chinese and Japanese Governments have already been set up.

Zambia is keen to develop a zone exclusively for Indian investors.

Apart fromnatural deposits of minerl ores, Zambia is also endowed with large potential for hydro power. Several Indian companies have already shown interest in tapping the potential, the statement added.

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