India, Congo discuss co-operation in mining, exploration
The Dollar Business Bureau India and the Democratic Republic of Congo (DRC), on Thursday, discussed plans for exploring mutual areas of cooperation in the field of mining as key ministries from both sides met each other in New Delhi. A business delegation of the DRC, led by Raymond Tshibanda N'Tungamulongo, Minister of Foreign Affairs, DRC, met the Indian Minister of Steel and Mines Narendra Singh Tomar. In his address, the Indian minister assured the visiting delegation of providing a full-fledged financial and technical support to the DRC in areas of capacity building and skill development. Stating that the bilateral relations between India and DRC have been friendly, the minister said that both the countries would further strengthen bilateral engagement in various ...
$82 million Line of Credit to Congo
Dated December 29, 2014 | RBI/2014-15/ 370 | A.P. (DIR Series) Circular No.53 | Exim Bank's Line of Credit of USD 82 million to the Government of the Republic of Congo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 27, 2014 with the Government of the Democratic Republic of Congo for making available to the latter, a Line of Credit (LOC) of USD 82 million (USD Eighty Two million) for financing eligible goods, Machinery, equipment and services including consultancy services from India for the purpose of financing completion of Ketende Hydro-electric Project in Congo. The goods, machinery, equipment and services including consultancy services from India for exports under this Agreement are those which are eligible ...
