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India, Congo set to Coop. in Mining, Industrial Diamonds
New Delhi, January 19, 2008
India and Congo have agreed to explore the possibility of
cooperating in industrial diamonds in view of abundance of
availability of these in Congo and Indian expertise in cutting
and polishing of diamonds. Congo is world’s second largest
producer of diamonds and Indian companies like MMTC etc. are
in a position to join hands for exploitation of rich potential
which exists in this sector. Kamal Nath, Union Minister of
Commerce & Industry, during his bilateral meeting with Endra-Philippe Futa, Minister of National Economy and Commerce
of Democratic Republic of Congo, also stated that India could
cooperate with DR Congo in a meaningful exploitation of
minerals like copper – and cobalt which exist in huge quantity
in Congo.
The Indian Commerce Minster also mentioned about the abundant
hydro-electric power resources in DR Congo and stated that
NHPC or other Indian companies in this field could provide
technical expertise in exploitation of this energy resource in
cooperation with Societe Nationale D’electricite (SNEL) of DR
Congo. Kamal Nath also reiterated the willingness of the
Indian government to offer technical expertise to Congo in
modernising and managing small and medium enterprises through
National Small Industries Corporation.
Recalling the visit of Simon Mboso Kianputu, DR Congo
Minister for Industries to India in September 2007 during
which many areas of cooperation were identified particularly
between the SMEs of the two countries, Kamal Nath observed
that import from DR Congo are increasing while exports from
India have come down since 2003-04. He expressed the need for
increasing trade with DR Congo in view of stabilisation of
economic activity in DR Congo. He also offered Indian
assistance in modernising of mining sector in Congo.
The Congo
delegation is on a visit to India to participate in the
Partnership Summit and also visited the Auto Expo which
concluded here last evening.
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