Maravi

Sata calls for quick lending from India for health sector

Sata calls for quick lending from India for health sector
By Masuzyo Chakwe
Wed 28 Mar. 2012, 12:59 CAT

PRESIDENT Michael Sata has stressed the need to expedite the line of credit from the Indian government to facilitate construction of health posts across the country.

President Sata said it was the intention of his administration to ensure that Zambia benefited from the US$50 million line of credit for the construction of about 650 rural health posts throughout the country.

He was speaking when he met Lucky Exports director Diwakar Mishra and his deputy general manager (business development) T.P Singh in Ahmedabad, Gujarat West India, during his continued economic investment promotion crusade.

This is according to the President's special assistant for press and public relations George Chellah.

According to Chellah, President Sata assured the firm's executives that Zambia had favourable investment terms and urged them to take advantage of the condusive business climate.

In response, Mishra said his team would travel to Zambia not later than April 2012 to take up the challenge.

President Sata was flanked by Zambia's High Commissioner to India Susan Sikaneta and first secretary for press and tourism at the Zambian Mission, Bwalya Nondo.

Lucky Exports has built health posts in Togo, Senegal, Ethiopia, Ghana, Sudan, Benin and Tanzania.

Chellah stated that President Sata who is on a private visit to India is scheduled to meet more Indian business executives whose companies have expressed interest in investing in Zambia.

He stated that over 30 Indian investors who attended a business promotion seminar organised by the Zambian High Commission in New Delhi last week indicated interest in investing in mining, agriculture, health and other sectors of the economy.

Labels: FDI, GEORGE CHELLAH, HEALTHCARE, INDIA, MICHAEL SATA

posted by MrK @ 5:42 PM