14 April 2021

India has proved to be a popular—and clever—investor in poor countries

LUSAKA AND NAIROBI

IN CENTRAL Lusaka a brand-new flyover flutters with the green, white and saffron of the Indian flag. Throughout the Zambian capital lorries produced by Tata Motors, part of the steel-to-tech Tata empire, are used in everything from construction to rubbish collection. Signs inside the vehicles instruct drivers in both English and Hindi. The lorries’ occupants phone each other over a mobile network run by Bharti Airtel, an Indian telecoms firm.

Zambians, like those in many developing countries, are vocal about their dislike for the Chinese firms that invest heavily there. India is also a big commercial presence but no one bats an eyelid. Tata Motors has huge assembly plants from South Africa to Malaysia. Bharti Airtel is one of the biggest telecoms operators in Africa. The Aditya Birla Group is the world’s largest producer of carbon black, an ingredient in car tyres. It is one of Egypt’s biggest industrial investors and exporters.

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