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India’s role crucial for economic future of Afghanistan-US official

in Afghan Business

India’s role crucial for economic future of Afghanistan-US official

india-america While in one hand President Barack Obama’s Defense Secretary Nominee Chuck Hagel has alleged India for financing problems for Pakistan in Afghanistan, another America’s top official has termed New Delhi crucial for economic growth of Afghanistan post the withdrawal of American troops.

Speaking at the Congressional hearing, assistant secretary of State Robert Blake regarded India as one of the most trusted and valuable partners of the US in the region.

“We see India as kind of the economic linchpin for future,” said Mr. Blake.

He further noted “any discussion of South Asia has to start with India.”

According to him, India would be a good pathway in turning Afghanistan from an aid-based economy to a trade-based economy after the departure of foreign troops from Afghanistan.

“As our troops (and) their spending draws down, it’s going to be much more important now to establish a private-sector basis for the Afghan economy and to make a trade-based economy and not an aid-based economy. India is such an important role to play in that,” said Blake.

Reflecting on India’s current involvement in Afghanistan, Blake said India has invested billions of dollars in the Hajigak iron ore deposit. It also hosted a major investment conference last year to promote foreign investment into Afghanistan in addition to its own very substantial assistance program of approximately USD 2 billion.

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