Government ready for increased investments

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Government ready for increased investments


From Rosaria Lubumbashi in New Delhi, INDIA.


March17, 2013, ZANIS………Vice President Guy Scott says government is serious about putting in place increased investments that will promote job creation for the people of Zambia.

Dr Scott says government’s approach to economic development is to be practical about the exercise.


He observed that the presence of a number of African countries in attendance at the 9th CII-EXIM BANK Conclave demonstrates the stiff competition that might be expected in terms of having the best investment programmes and projects.


Dr Scott explained that government wants a more cost effective international approach that will result into a successful story of job creation for the people of Zambia.


He commended the private sector  such as the Common Market for Eastern and Southern Africa-COMESA for  committing themselves towards the participation  of the 9th CII-EXIM BANK Conclave on India-Africa Project Partnership which officially openings today.


ZANIS reports that the Vice President was speaking when he addressed the Zambian journalists at the Taj Palace Hotel in New Delhi today.


The Vice President further stressed that attending such assignments was not just about offering opportunities but also acquiring technology that  would be of value thereby sustaining economic growth.


The result he said, will therefore improve the standards of living for the majority Zambians.


He gave an example of the Minister of Gender and Child Development’s programme as part of the conclave where the Minister will be expected to tour the Central Cottage Industries Emporium in India.


The   tour will be an opportunity for the Minister of Gender to appreciate the role of the Central Cottage Industries Corporation of India in developing, promoting and marketing Indian handcrafts and handloom.


Dr Scott observed that the Minister of Gender should be able to look for small enterprises that will be able to economically empower women.


He advised that it was inevitable for the women to acquire such skills so as to add value to the country’s economic growth.


The Vice President observed that such investment activities, among others, should be supported for enhanced and sustainable national development.