Afghanistan promises red carpet for Indian business

Syndicated from IANS | Published on Sat, Nov 10 2012 18:30 IST | 2 Views | Add comment

Afghanistan President Hamid Karzai Saturday promised a red carpet welcome for Indian business and industry to set up shop in his country.

"Indian business need not be shy. We would like to invite you on a red carpet, but you need to arrive at the red carpet to take advantage of those opportunities," Karzai said at a high-level business session organised by top industry organisations here.

Karzai pointed out that Afghanistan is "ripe and ready" for investments from India and offers lots of opportunities for the Indian industry to set up operations there, at the session organised by Confederation of Indian Industry, FICCI and ASSOCHAM.

Explaining the tough and growing competition in Afghanistan, Karzai said that a telecom company which was set up there with an investment of five million dollar investment is not worth around $600-700 million and the same applied to other sectors also.

"You need not worry about your investments. Not only will the Afghan laws protect you but also the Afghan people will add to your profits," Karzai assured the captains of Indian business and industry at the session.

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