PARTICIPATION BY THE INVESTMENT PROMOTION AGENCY (API) IN THE INTERACTIVE SESSION BETWEEN CONGOLESE BUSINESSMEN AND THE CONFEDERATION OF INDIAN INDUSTRIES (CII)

   Congo

Organised by the Indian Embassy in the Congo, the Investment Promotion Agency (API) took part on Monday 04 March 2024 in the interactive session between Congolese businessmen and the Confederation of Indian Industries (CII), an organisation that has been in existence since 1895 and has over 9,000 members in a number of fields, including agriculture, agri-food, basic infrastructure, education, the automotive and pharmaceutical industries, health, digital, import-export, real estate and energy.

This interactive session, held at the Indian Embassy in the Congo under the patronage of the Minister for Industrial Development and the Promotion of the Private Sector, represented by his Director of Cabinet, was attended by the Indian Ambassador to the Congo, a number of Congolese and Indian businessmen from the Confederation of Indian Industries (CII), employers' unions and a number of government departments.

During these discussions, Ms Annick Patricia Mongo, Director General of API, made a seven-part presentation:(i) the Congo's good strategic positioning; (ii) the Congo's economic situation based on macroeconomic indicators; (iii) the investment opportunities offered by the Congo in the priority sectors of the 2022-2026 National Development Plan, namely agriculture in the broad sense, industry, special economic zones (SEZs), tourism, the digital economy, real estate, etc; (iv) several projects seeking technical and financial partnerships; (v) the tax and customs advantages available to investors in the Congo; (vi) the significant progress made by the Congo in improving the business climate; and (vii) the level of trade between the Congo and India.

Mrs Annick Patricia Mongo also emphasised her complete availability and unfailing commitment to continuing and deepening exchanges with this confederation so that it can invest in the Congo.

This interactive session was also punctuated by BtoB meetings between Congolese and Indian businessmen, enabling them to forge contacts for potential business partnerships.