India–Zambia relations
India |
Zambia |
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India–Zambia relations are bilateral
History
India and Zambia have cordial relations. The
Economic ties
Trade
Trade between India and Zambia amounted to $200 million in 2010.[2] Indian exports to Zambia include pharmaceuticals, transport equipment, plastics and chemicals while semi-precious stones, non-ferrous metals, ores (copper and cobalt), semi-precious stones and raw cotton constitute Indian imports from Zambia.[3] India and Zambia aim to increase this trade to $1 billion and Zambia has been seeking investments from India in its core economic sectors.[4][5]
Investments
Since 2007, foreign direct investments from India into the Zambian economy has amounted to $3 billion. This includes a $2.6 billion investment by Vedanta Resources in Konkola Copper Mines, the establishment of a $300 million manganese processing plant by Taurian Manganese and Bharti Airtel's establishment of Airtel Zambia after its acquisition of Zain Telecom's African businesses.[6]
Economic cooperation
India has for long extended government credit to Zambia to facilitate its development and trade between the countries. Support has included soft loans from India's
Technical cooperation
India extends technical cooperation to Zambia for training its defence and civilian personnel through the
See also
- Indians in Zambia
- Hinduism in Zambia
References
- ^ "India-Zambia Relations" (PDF). Ministry of External Affairs, Government of India. Retrieved 3 January 2013.
- ^ "Zambia-India trade 'ridiculously low', says Mwansa". The Post Online. 22 March 2012. Archived from the original on February 16, 2013. Retrieved 3 January 2013.
- ^ a b c "Country Profile - Zambia". Archived from the original on 5 March 2016. Retrieved 3 January 2013.
- ^ "Zambia high on radar of Indian investment explorations". The Hindu. February 7, 2012. Retrieved 3 January 2013.
- ^ "Zambia: Assist Us Develop, India Urged". All Africa. Retrieved 3 January 2013.
- ^ "India's FDI to Zambia tops US$3 billion". African Review. 14 June 2012. Archived from the original on 14 May 2013. Retrieved 3 January 2013.
- ^ "India offers Zambia $75 million line of credit". HT Mint. January 6, 2010. Retrieved 3 January 2013.
- ^ a b "India-Zambia Bilateral Relations". High Commission of India, Lusaka. Archived from the original on 2 June 2013. Retrieved 3 January 2013.