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Congo offers investment opportunities in agriculture for Indian entrepreneurs
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Wednesday, 11 August, 2010, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Apeda has received an intimation from the Embassy of India in Kinshasa, Democratic Republic of Congo (DRC), about investment opportunities for Indian entrepreneurs. DRC has 80 million hectares of rich arable soil with water resources and 1000 mm of annual rainfall. Maniac, maize, rice, groundnut, sugarcane, corn, sweet potatoes, bananas, yams, pineapples are the principal crops produced.
Only about 5% of arable land is used for agriculture. The country lacks infrastructure resources. A 37 km coastline is linked by two seaports at Matadi and Boma. The southern province of Katanga is connected to countries like Zambia, Zimbabwe, South Africa, and Mozambique.
The country offers vast investment opportunities in almost all the sectors. The Government of India has signed an agreement for the mutual promotion and protection of investments with the government of DRC in April 2010. Congo is stating that it is the right time for investors from India to take the lead and make use of the opportunities that exist in DRC.
DRC has invited Indian investors in that country in the agriculture and food processing sectors especially in the area of largescale farming or those interested in setting up food processing units and export of the produced commodities.
Interested investors are being invited to visit DRC to conduct feasibility studies, gather further details and hold discussions with the concerned authorities to assess the situation.
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