Zambia’s High Commissioner to India, Judith Kapijimpanga has disclosed that an Indian investor has pledged to build a specialised agriculture university in Zambia at an initial cost of US$1 million.
According to Kapijimpanga, Banyan Impex Private Limited Director, J.M. Patel will travel to Zambia on March 15, 2021, with a view of starting the registration process of the investment in Zambia. Kapijimpanga said all this when Texila University-Lusaka Representative Jesvin Kumar paid a courtesy on her in New Delhi, India.
She further stated that the mission is proud of Texila American University Lusaka which has roots in India, as it took a bold step to invest in Zambia and is currently doing well.
Over 500 Zambians are currently in Indian universities and praised Texila American University for taking the investment to Zambia to lessen costs.
For the past years, Zambia has been one of the best investment destinations in Africa, after ranking fourth most peaceful country in Africa, according to the 2020 Global Peace Index.
As prioritised by President Edgar Lungu, Mrs Kapijimpanga however said investors should target Zambia’s energy manufacturing, construction, tourism and agriculture sectors.
Jesvin Kumar, Texila University Lusaka representative concluded by suggesting that investing in Zambia was the best decision as universities cater for Zambians, countries in Africa and one student from America.