Business
Afghanistan open to Indian investment: IEA

The Islamic Emirate of Afghanistan’s (IEA) minister of urban development Hamdullah Nomani met with India’s Charge d’Affaires to Kabul Bharat Kumar recently and said the country needs India to help rebuild and sustain its infrastructure.
Speaking to The Hindu on Sunday, Shaheen said Nomani told Kumar that “Afghanistan is open for Indian investment including urban infrastructure (projects).”
Several Indian companies were involved in building and maintaining numerous projects in Afghanistan over the years. However, teams located in Afghanistan, were evacuated in August last year when the IEA came into power.
Indian companies had left numerous projects incomplete but according to Shaheen, “they are the projects started by India during the past regime, but left incomplete. India can resume work on them or make investments in new projects.”
The Hindu reported that the relation between the Taliban administration and India has remained undefined although a team from India was sent back to Kabul a few months ago to reopen the embassy.
Shaheen, however, assured the Indian envoy of a peaceful working environment for Indian companies and said: “Security of Indians is our responsibility and we assure them [of it].”
Over the last two decades, Indian public and private sector entities invested around $3 billion in mainly the infrastructure sector of the country.
Business
Efforts underway to expand Afghanistan’s trade relations with India
A number of investors also suggest that the Islamic Emirate should actively participate in regional and trade fairs to increase exports, so that Afghan products can be marketed in regional and global markets.

The Ministry of Industry and Commerce says that efforts are underway to expand trade relations with India, the volume of which reaches $650 million annually.
Abdulsalam Jawad Akhundzada, a spokesman for the Ministry of Industry and Commerce, says that India is also interested in expanding trade relations with Afghanistan, and Kabul has also taken steps in this regard by using Chabahar Port, and talks have been held with the Indian side on visas.
The Chamber of Commerce and Investment also says that trade relations between Afghanistan and India are expanding and these relations are strengthening with each passing day. According to officials of the chamber, Afghanistan has exported goods worth $500 million to India in the past year.
A number of investors also suggest that the Islamic Emirate should actively participate in regional and trade fairs to increase exports, so that Afghan products can be marketed in regional and global markets.
According to investors, once the visa issues with India are resolved, a large portion of the country’s fresh and dried fruits will be exported to India because India is a good market for Afghan fruits in the region.
Investors want the Islamic Emirate to pave the way for increased exports to India through Chabahar Port.
Business
36 mining contracts inked over the past year: Mines ministry

The Ministry of Mines and Petroleum says it has signed 36 large and small mining contracts, with a total value of $1.3 billion over the past year.
Officials from the ministry stated that these contracts include 10 large mines, 25 small mines, as well as projects related to cement, salt, marble, and a major gas extraction contract with Uzbekistan, all signed with both domestic and foreign companies.
Meanwhile, economic experts have emphasized the importance of increasing investments in the mining sector for the country’s economic growth. They have stressed that priority in mining contracts should be given to domestic companies.
“It is better to prioritize domestic investors over foreign ones,” said Kamaluddin Kakar, an economic expert.
In the meantime, members of the private sector also stated that if both foreign companies and Afghan investors can partner in the mining sector, this will not only foster investment development in the country but also bring positive changes in capacity building within the mining extraction sector.
Business
Afghanistan ships first consignment to Europe via Khaf-Herat railway

The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.
According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.
The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.
The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.
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