The Future of Industry in Zambia: Will Engagement with India mean a New Phase of Development?

Abstract

Voices in both African and international communities argue that African industrialization has to catch up with the global economy. The former United Nations Secretary General, Ban Ki-Moon, once commented that the industrialization needs to speed up in Africa so that it can act as a stimulus for economic transformation in the continent. Additionally, it is a proven fact that countries cannot sustain themselves by being only consumers, and that they can only prosper if they also engage in production. Both India and Zambia experienced colonial economic plunder, for years and both countries felt that industrialization was required in their countries which contributes extensively for the eliminating of poverty; which raises productivity, create employment, enhance the income generated assets of the poor and helps to diversify exports. After Zambia achieved independence in 1964, the governments of India and Zambia aimed to strengthen their trade relations. The target of the Indian government towards the enhancement of the Zambian economy is not only concentrated on the trade alone but also in the promotion of both human resources and industries to elevate poverty as well. The article investigates the existing trade relations between India and Zambia and examines the benefit acquired by the Zambian people. It also explores the possibility enhancing trade and establishing more industries by Indian companies, the Indian Community and by the Indian government in Zambia.