The opposition United National Independence Party (UNIP) has supported President Michael Sata’s move to create an Industrial Development Corporation (IDC).
UNIP vice president Njekwa Anamela said the ruling Patriotic Front (PF) was on the right track of empowering Zambian people with not only jobs but with a revamped economy.
Mr. Anamela said Zambian people have got no money to start a huge investment that would do what IDC will do hence the need to support government in its efforts.
He further urged government to go ahead and establishing the national airline this year in line with the PF policy of reviving the economy to improve communication in the country.
Meanwhile, UNIP leader Tilyenji Kaunda said his party invested heavily in the infrastructure development of Zambia when it was in power.
President Michael Sata explained the creation of the IDC saying it would be a tool for the modernization and diversification of the economy in order to create jobs, wealth and prosperity for the Zambian people.
The Head of State said the establishment of the IDC shall also boost the contribution of state owned enterprises to national development by placing them under one umbrella holding entity to deepen their reform, enhance efficiency and maximize returns and a better Zambia for all.