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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search