President Sata woos Indian investors

STATE HOUSE

LUSAKA

THE REPUBLIC OF ZAMBIA

Media Statement

 For Immediate Release

PRESIDENT SATA WOOS INDIAN INVESTORS

 AHMEDABAD, Monday, March 26, 2012 – His Excellency Mr. Michael Chilufya Sata, President of the Republic of Zambia, has invited an Indian CHAIN OF HOTELS to invest in Zambia.

President Sata said the Zambian Government was ready to facilitate investment in the hotel industry.

 The Head of State was speaking when he held an investment promotion meeting with the Chairman and Managing Director of UMEID GROUP of Hotels in Ahmedabad, Gujarat, West India, Mr. Ummeid Champawat. This is in the President’s continued efforts to woo investors into Zambia.

 President Sata assured Mr. Champawat of his administration’s readiness to work with investors who would contribute to the development of tourism in the country.  UMEID GROUP of Hotels is operated by the Taj Hotel Group of companies.

President Sata was flanked during the meeting by Zambia’s High Commissioner to India Ambassador Susan Sikaneta and First Secretary for Press & Tourism at the Mission, Mr. Bwalya Nondo.

 And Mr. Champawat, who was accompanied by THE GATEWAY HOTEL General Manager Mr. Darius Merchant, said his company was eager to invest in Zambia.

It is the President’s desire to ensure that, Zambia maximises on economic benefits from the forthcoming World Tourism Assembly (WTA) to be co-hosted by Zambia and Zimbabwe. To this end, construction of hotels prior to the event scheduled for next year will go a long way in enhancing tourism development in the country.

Issued by:

 

                                                GEORGE CHELLAH

SPECIAL ASSISTANT TO THE PRESIDENT

PRESS AND PUBLIC RELATIONS

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