Indian firms urged to invest in Afghanistan

New Delhi, November 19, 2006 (Pajhwok Afghan News): President Hamid Karzai has asked Indian investors to venture in Afghanistan as the country presents suitable opportunities and investment-friendly environment.

The president was speaking to entrepreneurs during the regional economic cooperation conference on Afghanistan on Saturday. He said his country had vast opportunities for investment and the Indian investors had the chance to fully exploit those opportunities.

"It will not only bring you ample profit, but extend your businesses and enable you to establish commercial links with the Central Asian states," he said.

He added Afghanistan's economy was not only benefiting that country, but also helping the regional trade and commerce. The president referred to some entrepreneurs like Kabul Bank, Roshan mobile company and some other commercial and business organisations.

Pajhwok's special correspondence says majority of investors said yes to President Karzai's invitation and showed their willingness to venture in Afghanistan.

Indian ambassador to Kabul Rakesh Sood assured the Indian government would push the investors to extend their businesses to Afghanistan by investing in various fields.

President Karzai is scheduled to open an agri symposium today (Sunday). The president is in New Delhi to attend the second conference on regional economic cooperation. Cabinet ministers, advisors and a team of local journalists are accompanying the president to India.