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India to invest in Bamyan

in Afghan Business

India to invest in Bamyan

India’s ambassador to Afghanistan has announced his country’s willingness to invest in Bamyan.

Gautam Mukho Padhya said during his visit to Bamyan with local officials that Bamyan is one f the secure places of Afghanistan offering more tourist attractions in the province than other parts of the country.

“I am here to investigate and research investment opportunities and humanitarian assistance to the people of Bamyan.”

The ambassador announced that India’s extraction work on Hajigak iron ore will begin next year.

“Our assistance to Bamyan is based on the mutual agreement between Afghanistan and India. India is determined to aid in the agriculture and education sectors of Bamyan,” said Mr. Padhya.

This is Mr. Padhya’s first visit to Bamyan province where he promised his country will build a school at Band-e-Amir.

President Hamid Karzai on his visit to India earlier this month told a gathering in the capital city of Mumbai that his country is ready for Indian investments in mining and other sectors and that India should not hesitate about coming for investment to Afghanistan, where the Chinese have invested billions of dollars in exploiting the mineral reserves.

The trip to India was aimed at attracting investments to the war-torn country that is relying heavily on its abundant natural resources for economic development.

Indian Commerce Minister, Anand Sharma, assured the Afghan leader that India would consider developing Afghanistan’s infrastructure, including highways, power projects, the Chahbahar port and ensuring energy security.



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