English | دری

India & Afghanistan to sign 4 pacts

in Afghan Business

India & Afghanistan to sign 4 pacts

President Hamid Karzai has planned a four-day trip to India where the leaders of the two nations are expected to sign four agreements including one in the mining sector.

India-educated Karzai will interact with top Indian businessmen during his visit and pitch for greater investment in Afghanistan.

According to the Afghan Ambassador Shaida Mohammad, President Karzai will speak to investors and focus on how regional economies can be integrated.

President Karzai and his Indian counterpart Manmohan Singh will also discuss prospects of enhancing Delhi’s role in training Afghan security forces.

Afghanistan is not missing a single opportunity to woo foreign investors. As the deadline for foreign troops to leave Afghanistan is drawing closer, Afghanistan has to make serious efforts to steer its economy towards stability and self-sufficiency.

The mining sector of Afghanistan is considered as the key sector for the economic growth of the nation. The sector has so far been able to attract economic powerhouses of the Asia continent to invest in it. China was awarded the contract for oil extraction in the Amu river basin and the Aynak Copper mining contract, while India won the Hajigak Iron-ore mining rights.

India has pledged over $2 billion for a host of reconstruction projects in Afghanistan, which has generated enormous goodwill in that country.

Around 5,000 Indian nationals are engaged in a host of reconstruction projects in Afghanistan.



Related Articles

Adela Raz assumes office as deputy foreign minister for economic affairs

Adela Raz assumed charge as the deputy foreign minister for economic affairs today. The Ministry of Foreign Affairs (MoFA) said

Sweden pledges one billion aid to Afghanistan over next decade

The Swedish International Development Agency (SIDA) has pledged USD 1 billion in aid to Afghanistan on Wednesday. Addressing a gathering

The former head of Pashtanay Bank Sentenced to 20 years in prison

Hayatuallh Dayani, the former head of Pashtanay Bank, was alleged for embezzlement of USD 26million from 2006-2008 and has now

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.