Indian Conglomerate Pours $14m On Zambian Electric Cable Plant

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Neelkanth Cables
Neelkanth Cables

India based conglomerate Neelkanth Group has poured $14 million for the construction of a giant electric cable plant in Zambia’s Copperbelt province.

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“The plant will be built in three phases with the first phase expected to roll out household cables by December.Once the high tension plant is complete, there will be an extra $40 million investment injection in the project,” said Neelkanth Cable Zambia Limited projectdevelopment consultant Barnabas Zulu.

“We are fitting steel and as we start full construction we will employ about 250 more people. In the operation phase, when the three phases are done, 700 people will be employed here,” Zulu added.

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Neelkanth Group is one of the fastest growing business conglomerates with a strong presence in businesses like Salt Manufacturing, Civil Construction, Water Supply, Transportation, Coke Manufacturing among others.

Indian businessman Shri Sadhabhai Ramji started a small salt manufacturing business by the name of Neelkanth Salt Works in the year 1968.

The company says due to Ramji hard-working and far sightedness this small company has now turned into a Multi-Crore turnover Neelkanth Group and is now being handled by his three most dynamic and well educated sons Arjanbhai, Tejabhai and Shamjibhai.

SOURCE: http://www.ventures-africa.com/2014/07/indian-conglomerate-pours-14m-on-zambian-electric-cable-plant/

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