Millennium Post

Afghanistan seeks investments from India in its key sectors

“Afghanistan offers vast investment opportunities to Indian businesses in various sectors. Afghanistan has a rich deposit of mineral resources such as copper, iron and gold, which could last for more than 400 years and were ready to be explored,” Sayed M Ahmadi, Economic Counselor, Embassy of Afghanistan told a meet organized by FICCI and Observer Research Foundation.

Delivering his keynote address at a meet on ‘Afghanistan Reconnected: Businesses Take Action to Unlock Trade in the Region’ he said that lack of infrastructure and skill development had emerged as critical obstacles in the rebuilding process of Afghanistan. “The Afghan government was working towards resolving these issues,” said Ahmadi and added that Kabul will provide safe, secure and transparent regime to promote foreign investments in the country.

Jayant Prasad, former Ambassador to Afghanistan said that India had primarily helped Afghanistan in building its public institutions. “A stable and secure Afghanistan is in the interest of India and the region. With democracy, inclusive growth and social development, Afghanistan could well be on the path of economic development soon,” he said.  

He said that there was a need to forge people-to-people connectivity besides tackling issues of corruption, enhancing transparency and accountability and creating an enabling environment for attracting business to the country. Ambassador Prasad added that together India and Afghanistan are now engaged in creating partnerships that conform the 21st century. 

India wants Kazakhstan to revisit NMDC’s mining proposal
 India on Monday asked Kazakhstan to re-consider state-owned iron miner NMDC’s proposal to explore greenfield mining projects there, particularly those of iron ore, coal and potash. 
The issue was raised during a meeting of Steel and Mines Minister Narendra Singh Tomar and a delegation led by Kazakhstan Minister of Investment and Development Asset Issekeshev here, an official statement said.
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