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Thursday 28 June 2012

India has sells to Afghanistan as an investment destination

India urged the private sector to invest in a broad objective of Afghanistan as a base rate, saying it could help stabilize the country in Western countries begin to withdraw its troops after nearly 11 years of support.
Foreign Minister S.M. Krishna said Thursday he recognized the concerns of business in India in Afghanistan, especially in the period before 2014, when troops of most foreigners go, but if companies have not invested a total security in the numbers.


We must provide a narrative of the opportunity to offset the withdrawal of anxiety, uncertainty, instability and foreign interference, "Krishna said in a conference organized by India to promote private investment in Afghanistan." Investments may offer hope for employment, training and opportunities for the future. We encourage our industries to venture into Afghanistan in a number together with the Afghan partners, "he said.
Krishna suggested that there was no chance richer in minerals of Afghanistan interbedded between the energy resources of Central Asia, Iran and the Gulf, on the one hand, and the growth markets of China and India.

 

Before the fall of the Taliban regime in 2001, rival India, Pakistan held almost exclusive rights to trade with Afghanistan.Now, Islamabad, is deeply concerned about the increasing role of India in Afghanistan, seeing it as a around. China movement has also indicated the desire to exploit mineral reserves in Afghanistan.Both China and India have made ​​little progress since, hampered by poor security and poor infrastructure and logistics in the mountainous country landlocked.

Violence in Afghanistan is at its worst in years, raising concerns that Afghan security forces newcomers may find it difficult to defend against a Taliban insurgency raging and parts of the country could fall into civil war after the withdrawal from the West. India, which has invested billions of dollars in Afghanistan since the Taliban were ousted in 2001, is particularly concerned that the Islamic group increased more could embolden anti-India militants said to operate from Pakistan.

Krishna said India had eased customs duties on exports to Afghanistan as part of an initiative to promote trade with less developed nations, Asia.Indian companies could set up operations in Afghanistan and sell their products to India with the lowest rates. "That gray suits company executives take the place of olive green or desert brown uniforms of soldiers and presidents, the place of the generals," he said.
A consortium led by the authority of the state steel company in India last year won the rights to develop an iron ore deposit huge in central Afghanistan and about 6 million tonne steel plant at a cost about $ 11 billion.

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