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INDIAN INVESTOR TO PUMP US$8.9M INTO TEXILA UNIVERSITY

By NATION REPORTER

AN Indian firm, Kalinga Institute of Industrial Technology, is set to invest about US$8.5 million in the expansion of Texila University in Lusaka from the current US$3 million.

Zambia’s High Commissioner to India, Judith Kapijimpanga, has expressed happiness over the decision by the Indian investors.

She said this when Kalinga Institute of Industrial Technology, Manager  for International Relations, Rahul Varma, held a meeting with the diplomatic staff in New Delhi with a view to seek higher education opportunities in Zambia.

This is contained in statement issued by First Secretary Press and Tourism at the Zambian Mission in India Bangwe Naviley.

Ms Kapijimpanga said the Zambia Development Agency (ZDA) was assisting Texila University to find land to build a state of the art campus valued at $8.5 million.

She said Texila University was currently planning to increase student population from 814 to 10, 200 in the next five years.

Ms. Kapijimpanga said Texila University had created jobs of which majority were Zambians in line with the Zambianisation policy and would create 350 jobs by 2023.

Ms. Kapijimpanga urged Kalinga Institute to consider investing in Zambia just as DMI St. Eugene University from India built a huge campus in Zambia.

She said over 500 Zambians were currently in Indian universities and praised Texila American University and DMI St. Eugene University for taking the investment to Zambia to lessen costs.

Ms Kapijimpanga said Zambia was one of the best investment destinations in Africa, after ranking fourth most peaceful country in Africa, according to the 2020 Global Peace Index.

She said investors should target Zambia’s energy, manufacturing, construction, tourism and agriculture sectors as prioritised by President Edgar Lungu.

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