New Delhi, Apr 12: India and Zambia signed four agreements in Lusaka that included avoidance of
double taxation; judicial cooperation; mutual visa waivers for officials and
diplomats and on the Entrepreneurship Development Institute that India will
build in Zambia.
The pacts were inked late Wednesday in the presence of
Zambian President Edgar Chagwa Lungu and the visiting Indian President Ram Nath
Kovind.
India has also agreed in principle to provide concessional finance and support for construction of Mahatma Gandhi Convention Centre in Lusaka.
Further, India gifted Zambia medicines and medical equipment worth USD 3 million, as well as presented USD 100,000 for the Mahatma Gandhi School in Lusaka.
Exchanged views on bilateral and global issues the two Presidents committed to India’s long-standing developmental partnership with Zambia.
Noting that India was one of Zambia’s largest trading partner, Mr Kovind urged all stakeholders – small and medium enterprises, Chambers of Commerce, large companies, new entrepreneurs - to diversify and expand the Zambia-India business corridor.
'The business engagement must also be responsive to socio-economic changes in the two countries. India is one of the few countries where SMEs thrive alongside large companies, creating jobs and ensuring wealth distribution. We stand ready to share our experience with Zambia,' he said.
'Both Zambia and India are blessed with a youthful population. We need to connect our young people through start-ups, skills, technology and new ideas,' he added.
Appreciating that Zambia had signed the International Solar Alliance agreement, Mr Kovind said he looked forward to early ratification of the agreement by Lusaka.
Earlier addressing Zambia-India Business Forum, Mr Kovind said Indian companies had invested significantly in Zambia, especially in mining, telecom, energy and manufacturing.
But both countries can do more and diversify into newer areas from social enterprises to new technology; from community projects to highways; and from “Digital India” to “Smart Zambia”.
'India is one of the few countries where small and Medium Enterprises thrive alongside large companies, creating jobs and ensuring wealth distribution,' he said. UNI
India has also agreed in principle to provide concessional finance and support for construction of Mahatma Gandhi Convention Centre in Lusaka.
Further, India gifted Zambia medicines and medical equipment worth USD 3 million, as well as presented USD 100,000 for the Mahatma Gandhi School in Lusaka.
Exchanged views on bilateral and global issues the two Presidents committed to India’s long-standing developmental partnership with Zambia.
Noting that India was one of Zambia’s largest trading partner, Mr Kovind urged all stakeholders – small and medium enterprises, Chambers of Commerce, large companies, new entrepreneurs - to diversify and expand the Zambia-India business corridor.
'The business engagement must also be responsive to socio-economic changes in the two countries. India is one of the few countries where SMEs thrive alongside large companies, creating jobs and ensuring wealth distribution. We stand ready to share our experience with Zambia,' he said.
'Both Zambia and India are blessed with a youthful population. We need to connect our young people through start-ups, skills, technology and new ideas,' he added.
Appreciating that Zambia had signed the International Solar Alliance agreement, Mr Kovind said he looked forward to early ratification of the agreement by Lusaka.
Earlier addressing Zambia-India Business Forum, Mr Kovind said Indian companies had invested significantly in Zambia, especially in mining, telecom, energy and manufacturing.
But both countries can do more and diversify into newer areas from social enterprises to new technology; from community projects to highways; and from “Digital India” to “Smart Zambia”.
'India is one of the few countries where small and Medium Enterprises thrive alongside large companies, creating jobs and ensuring wealth distribution,' he said. UNI
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