Contending that most parts of Afghanistan is stable and secure, the country's Commerce and Industry Minister Anwar-ul-Haq Ahady today invited Indian companies to invest in sectors like mining, infrastructure and agriculture. "India has been a major partner in the reconstruction of Afghanistan. India has been a major donor, a key advisor and an important investor. I invite you to come to Afghanistan and invest there," he said.
Ahady was addressing the Delhi Investment Summit on Afghanistan jointly organised by Confederation of Indian Industry (CII) in partnership with Government of India and Afghanistan government.
He said foreign investments can be made in various sectors and these companies can produce goods that could be sold in the domestic market and abroad.
It would also give employment to locals while the companies can make a healthy profit, he said.
The objective of the summit is to attract foreign investments from India to Afghanistan.
The minister said Afghanistan has created a business-friendly legal regime, and is also building a modern infrastructure.
"Our income tax law emphasises simplicity and our tax rates are the lowest in the region. Our investment law is also very investor-friendly".
The country has expertise in areas like cement, handmade carpets, marbles and fruit processing, he said.
On bilateral trade, he said, the potential areas for exports from Afghanistan to India are agricultural products and carpets, while imports from India include industrial goods.
In 2010-11, the bilateral trade between the two countries stood at a mere $500 million.
Afghanistan invites Indian investment - Hindustan Times
Ahady was addressing the Delhi Investment Summit on Afghanistan jointly organised by Confederation of Indian Industry (CII) in partnership with Government of India and Afghanistan government.
He said foreign investments can be made in various sectors and these companies can produce goods that could be sold in the domestic market and abroad.
It would also give employment to locals while the companies can make a healthy profit, he said.
The objective of the summit is to attract foreign investments from India to Afghanistan.
The minister said Afghanistan has created a business-friendly legal regime, and is also building a modern infrastructure.
"Our income tax law emphasises simplicity and our tax rates are the lowest in the region. Our investment law is also very investor-friendly".
The country has expertise in areas like cement, handmade carpets, marbles and fruit processing, he said.
On bilateral trade, he said, the potential areas for exports from Afghanistan to India are agricultural products and carpets, while imports from India include industrial goods.
In 2010-11, the bilateral trade between the two countries stood at a mere $500 million.
Afghanistan invites Indian investment - Hindustan Times
