17 Indian Companies to Invest in Afghanistan

Discussion in 'Foreign Relations' started by Yusuf, Jul 7, 2013.

  1. Yusuf

    Yusuf GUARDIAN Administrator

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    17 Indian Companies to Invest in Afghanistan
    News - Afghanistan
    Written by Zabihullah Jhanmal
    Sunday, 07 July 2013 16:29


    Commercial ties between Afghanistan and India have strengthened with the announcement by officials at the Afghanistan Investment Support Agency (ASIA) on Saturday that 17 Indian companies agreeing to invest in several sectors of the Afghan economy.

    It is likely that the Indian companies will be investing in sectors like mining, Information Technology (IT), agriculture and livestock industries and logistics as these are the fastest growing sectors in Afghanistan. Experts think that with these new investments, the Indo-Afghan trade will cross the $1 billion mark within the next two years.

    Indian Embassy officials at the "2nd Conference of Indian Investors" held in Kabul expressed their enthusiasm over the extension of commercial ties between the two countries. The officials told the media that a group of Afghan investors will soon be invited to India to chalk out a more detailed plan for their investments.

    AISA officials believe that the amount of foreign investments in the Afghan economy will increase significantly with the investments coming from the 17 Indian companies.

    Speaking about the lead up to the announcement, Wafiullah Iftikhar, the head of the AISA, said,"Officials of several Indian companies visited some provinces in the country and assessed the investment opportunities. After the assessments they agreed to invest in the country."

    Meanwhile, Afghan Commerce Minister, Anwar ul-Haq Ahadi, who was also present at the conference, said, "The Indian companies are interested in investing in trade and commerce. This will definitely yield positive results and give a boost to the down-turning Afghan economy."

    Amar Sinha, the Indian Ambassador to Afghanistan, in a short interview with TOLOnews, stressed the importance of Indian investments for Afghanistan and the benefits of such investments for the Afghan economy.

    "Several officials from small and big companies have showed their interest in investing in Afghanistan. I feel, such investments are extremely important for the Afghan economy," said Mr. Sinha.

    The announcement of the 17 Indian companies plans to invest in sectors of the Afghan economy comes less than week after a Kazak-Afghan business conference in which eight Kazak companies signed contracts with Afghan partners. Additionally, last week Mr. Ahadi made remarks regarding potential for the Afghan economy to suffer with the withdraw of foreign troops at the end of 2014. News of large-scale investments from India provide a promising sign that sustainable economic growth may be possible in Afghanistan despite the transition away from foreign forces-based employment and commercial activity.


    http://mobile.tolonews.com/afghanistan/11122
     
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  3. VIP

    VIP Ultra Nationalist Senior Member

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    Great start. Pakistan must be pissed off lol...
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    bad news for gazi pakistan
     
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  5. SilentKiller

    SilentKiller Regular Member

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    This help will mean a lots to afghans.....if we win hearts of afghans like the way we are doing, pakistani rulers will cry even more!!
     
  6. Himanshu Pandey

    Himanshu Pandey Regular Member

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    a good news for India-Afghan relations
     

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