By Scoop Reporter
GLOBAL Mining Giant, Vedanta has set its eyes on Zambia with the prospect of investing in the electric car battery manufacturing sector.
This follows the recent signing of a Memorandum of understanding between Vedanta and the state of Gujurat of India to set up a semiconductor fabrication plant commonly referred to as a fab unit, a display fab unit, and a semiconductor assembling and testing unit in Ahmedabad in western India.
Vedanta Country Director Moses Banda says Vedanta is considering engaging the Zambian Government to consider the possibilities of participating in the electric car battery manufacturing industry that the country plans to set up in collaboration with the Democratic Republic of Congo.
Dr. Banda said the planned partnership between Zambia and the Democratic Republic of Congo to jointly embark on the production of electric vehicle batteries and other electronic accessories to create a firm position in the global supply chain is critical and timely.
He noted that Vedanta, one of the largest players in the Southern African mining industries, stands ready to partner with the Government to ensure the creation of viable ventures that will spur employment and other economic opportunities to ensure mutual benefit.