Home / Knowledge / News / Congo: A potential destination for Indian diamond Cos
Congo: A potential destination for Indian diamond Cos
21
Mar '08
K.S Aswathanarayan says Democratic republic of Congo has lot of potential to provide invest opportunity while inaugurating the session on DR Congo at 4th CII – EXIM BANK Conclave on India – Africa Project Partnership 2008 at Taj Palace on Thursday.

He broadly highlighted the four parameters or scope for Indian investors in DRC. There is a tremendous opportunity for Indian investors in mining and diamond sectors.

Congo also provides opportunity in sectors of road railways telecommunication followed by building materials and agricultural processing industry.

HE Mr Simon Mboso Kiampotu in his address reinforced the Indo-Congo partnership. He urged Indian investors to participate in the progress of Congo.

He gave more emphasis to the diamond processing. India diamond processing industry is one of the best in the world market so he said Congo would also like to benefit from their Indian expertise.

Mopoliya, advisor to ministry of mining, also highlighted the opportunity that provide Congo to the Indian investors said earlier by the minister. He emphasized that India should come to Congo and invest immediately.

Mopotole while speaking about balancing the mining sectors highlighted some of the problems in India Congo trade relations.

He pointed out why India accords low value to diamonds coming from Congo; its because of lack of expertise. This is another channel where Congo also would like to collaborate with India.

He pointed out another significant for those investors who are interested to invest in the diamond processing sectors is that Congo has a favorable tax regime for the investors. Congo charges only 3% to 7.5% of tax in the export of diamond and many diamond producing countries charges 10%.

Confederation of Indian Industry


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search