Trade Trade between
India and
Zambia amounted to $200 million in 2010. Indian exports to Zambia include
pharmaceuticals, transport equipment,
plastics and
chemicals while
semi-precious stones,
non-ferrous metals,
ores (
copper and
cobalt) and
raw cotton constitute Indian imports from Zambia. India and Zambia aim to increase this trade to $1 billion and Zambia has been seeking investments from India in its core
economic sectors.
Bilateral trade between India and Zambia was $1 billion in 2016-17, with India mainly importing
copper. Indian
investments in Zambia reached nearly $5 billion, primarily in
mining.
Investments Since 2007,
foreign direct investments from India into the Zambian economy has amounted to $3 billion. This includes a $2.6 billion investment by
Vedanta Resources in
Konkola Copper Mines, the establishment of a $300 million
manganese processing plant by Taurian Manganese and
Bharti Airtel's establishment of Airtel Zambia after its acquisition of Zain Telecom's African businesses.
Economic cooperation India has for long extended government credit to Zambia to facilitate its development and trade between the countries. Support has included soft loans from India's
Exim Bank and the donation of transport equipment, agricultural equipment and emergency medical supplies to Zambia. Zambia is also part of the Duty Free, Quota Free (DFQF) regime for its exports to India as a
Least Developed Country and part of the
Government of India's lines of credit programme. == Technical cooperation ==