India calls for signing of MoU with Zambia in geology field

India has called for the signing of a memorandum of understanding with Zambia in the field of geology in order to harmonise structural cooperation in the mining sectors of the two countries.

Indian Minister of Mines and Steel, Narendra Tomar said in Cape Town on Tuesday that the MOU could also help forge stronger economic cooperation between the two countries.

Mr. Tomar regretted that no such instrument was in place despite the long standing relations that have existed between Zambia and India.

He said his country believed that there was a lot of room for increasing cooperation in the field of trade and various other economic activities.

The Indian minister proposed that Zambia and India should explore the possibility of signing an MOU to specifically look at the area of geology which would allow the geological survey departments from the two countries establish stronger and defined working relations.

Mr. Tomar was speaking when he held talks with Zambia’s Minister of Commerce, Trade and Industry, Margaret Mwanakatwe, in CapeTown.

And Mrs Mwanakatwe noted that there was urgent need for the two countries to sign the MOU in order to strengthen relations.

She said there were a number of areas of economic interest that Zambia and India could explore citing Information, Communication and Technology as one such possible field.

Mrs Mwanakatwe said government was in a hurry to ensure that development took root for the benefit of the people.

Earlier on Monday and Tuesday, Mrs. Mwanakatwe held talks with various business executives seeking investment opportunities in Zambia.

This is contained in a statement issued by Nicky Shabolyo Press Secretary at Zambia’s High Commission to South Africa.