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By Times Reporter
A group of Indian Investors will build a US $20million state of the art specialist hospital in Lusaka to be called Lifeline hospitals – centre of excellence.

This came to light when a team of investors from India paid called on President Mwanawasa at State House in Lusaka yesterday where he informed the team that Zambia is now poised to make a great leap forward in the economy.

Team leader, Raj Kumar said that his team was in a hurry to commence the construction of the hospital to be situated near the United Nations (UN) House on Alick Nkhata Road in Lusaka.

Dr Kumar said the hospital once constructed would employ local people, especially nurses and other health workers and that the team believed in partnering with local people.

He said they were in Zambia to sign the Memorandum of Understanding (MoU) which would pave way for the commencement of the project and that about $20 million would be spent.

He said the Hi-Tech medical care in Zambia, would help put patients back on their feet in good time.

And Dr Mwanawasa said Zambia was at the stage where it could now make a big leap forward in her economy and that in the recent past, the country had moved to the next stage of reforms which focused on simplifying the process of starting and running business in Zambia.

“As you will learn, there is a law in this country, which makes it very hard for the State to expropriate people’s investment. Expropriation in Zambia, if any, requires the approval of Parliament and even then, it may only be done with full compensation. You can therefore rest assured that in Zambia, your investments are safe,” he said.

He said while Zambia was working to develop various sectors of the economy, it was important that Zambians enjoyed good health to allow them to contribute positively.

He said although Zambia had made progress in various sectors, the country’s health sector was not impressive and that he hoped it would not be long that the team would set up the hospital to benefit the local people.

“While we work to develop this country in various sectors it is important that our people enjoy good health at prices they can afford. Provision of quality health service in Zambia is not satisfactory and I do hope that it will not be long when you establish these facilities,” Dr Mwanawasa said.

He said in the past six years, the economy has continuously recorded strong positive growth each year while inflation had come down and the value of the country’s exports had more than quadrupled in the past five years.

He said he was happy that the Indian Investors had responded to the invitation to come to Zambia and look at the opportunities available and that Zambia was full of profitable opportunities in all areas.

He said the country hosts major Indian investment and cited the Konkola Copper Mine (KCM), which is controlled by Vedanta and encouraged them to bring in investments without fears.

“Zambia admires the determination and resourcefulness of India and her people, which has suddenly catapulted you to be one of the present major World economies,” he said.

Earlier, Commerce, Trade and Industry Minister, Felix Mutati said he was happy that the team was interested in joining in joint ventures with the local people and also to exploit the country investment opportunities.

At the same function, Indian High Commissioner to Zambia River Wallang said his Government was committed to contributing to the development of Zambia’s development and that he was happy with the relationship that exists between the two countries.

Japanese Ambassador to Zambia, Hideto Mitamura said the two countries had continued to discuss the acceralation of the country’s development.

Source: Times of Zambia