Zambia today welcomed an international 82 beds Sarovar Premiere Hotel has been officially opened in Lusaka. This is a first ever all ensuite hotel in Zambia.
According to the Neelkanth Group Chairman, Subash Patel, the hotel is a result of an investment of about USD20million that the group has pumped into the multi-storey structure. He stated that the Neelkanth group owned by Tanzanians of Indian descent started its trading business in Zambia way back in 2008
Patel told the gathering at the launch event that the Neelkanth group then invested in MMI Steel in 2011. The group then invested in Neelkanth Lime on the Copperbelt in 2013 and three years later invested further into Neelkanth Cables. The group in 2017 invested in Neelkanth Metals and that he was proud that in 2018, the group has now invested in the USD 20 million Neelkanth Sarovar Premier Hotel.
The group chairman stated that the hotel will ensure that it sources most of its inputs from Zambian farmers. He stated that the hotel has created 150 direct jobs and that the whole group in Zambia today employs over 3,000 locals contributing to job creation.
The event was officially opened by Zambian President, Edgar Lungu who stated that the investment is a demonstration of the private sector fulfillment of his governments tourism policy. Despite the many challenges that the country is facing, this investment will help earn the country foreign exchange that will help to strengthen the balance of payments for the country, stated President Lungu.
He said that his government has re-classified tourism from a social sector to an economic sector and this is an example of what the tourism industry is capable of doing.
Minister of Tourism, Charles Banda said that tourism investment in Zambia is offering excellent returns for investors. Its offering a platform for socio-economic development for the economy and jobs for the local employees. The Sarovar hotels is an Indian brand and are currently in Kenya and Tanzania with Zambia being the third country to attract the hotel group.