22 August 2014

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COMESA states urged to invest in human capital

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INDIA has called on the Common Market for Eastern and Southern Africa (COMESA) member states to invest more in human capital to enhance sustainable and balanced economic growth.
Indian High Commissioner to Zambia Gaddam Dharmendra said there is need for skills development in both the formal and informal sectors of the economy.

Mr Dharmendra said investing in skills development has immense benefits to a country though it takes long to show the results.
“Skills development is very important for us. There is need to transition from purely agriculture to manufacturing to help strengthen our services’ profile.
“Skills development has from the ‘60s been a fundamental project for India though [it] takes long to show the benefits. We started [investing in skills development] in the ‘60s and are seeing the results now, we can never expect instant changes and overnight success [in human capital],” he said.
Mr Dharmendra said this when he presented his credentials to COMESA secretary general Sindiso Ngwenya in Lusaka on Tuesday.
He said India will try to support COMESA’s objective of promoting economic prosperity and deepening regional integration.
Mr Dharmendra urged COMESA member states to continue working towards a multi-dimensional and wide-ranging India-Africa partnership.
Earlier, Mr Ngwenya said India has reached a milestone as a major partner in international trade and economic affairs.
Mr Ngwenya said this partnership between COMESA and India has led to the region’s trade to rise threefold in the recent past.


Last modified on Wednesday, 09 April 2014 23:40

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