Indian industry plans $10 Bn investment in Afghanistan
India’s Prime Minister Manmohan Singh speaks at a session of the Afghan parliament in Kabul on May 13, 2011 as Afghan President Hamid Karzai watches.
Indian companies will invest more than $10 billion developing mines and building a steel plant in Afghanistan, India's Daily News & Analysis (DNA) newspaper reported.
External Affairs Minister SM Krishna unveiled the plans at a global conference where representatives of over 100 countries are meeting to chart the course for Afghanistan after US-led NATO troops pull out in 2014, the paper said.
India argued that a latter day Marshall Plan is needed to rebuild Afghanistan. The war-ravaged nation needs help establishing internal security and effective governance deficit, as well as attracting investment for economic development, India said.
Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you. We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll help us unlock a matching gift of $67,000!