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India and Afghanistan sign MoU on textile cooperation

in Afghan Business

India and Afghanistan sign MoU on textile cooperation

On 07 January, the Ministry of Commerce and Industries, Government of Islamic Republic of Afghanistan and the Ministry of Textiles of the Republic of India signed Memorandum of Understanding (MoU) to expand business and cooperation in the field of textiles and clothing. H.E. Muzammil Shinwari, the Acting Minister of Commerce and Industries signed the MoU from the Afghan side whereas H.E. Amar Sinha, Indian Ambassador to Kabul signed on behalf of the Ministry of Textiles of the Republic of India.

As per MoU, both sides agreed to cooperate in developing closer economic relations and bilateral cooperation in the field of textiles, clothing, cotton, man-made fibre and handlooms. India agreed to provide all necessary assistance to develop Afghan textile industry and assist in skill development, research and development, technical collaboration in product development and manufacturing, testing and certification and organize joint trade missions for mutual collaboration.

“Afghanistan has huge potential for development of textile industry since the country is endowed with very rich quality of cotton, silk and cashmere and this sector is a good source for jobs and employment” said the Indian Ambassador, H.E. Amar Sinha. Thus it is important to revive textile industry for economic development. Cotton can also be an alternate crop to move away from opium cultivation. He further added that signing of this MoU on textile cooperation in first week of the New Year is a good beginning and assured all cooperation from India to develop this industry and continued engagement with Afghanistan’s economic development which is a priority of the new government.

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