Envoy Farid Mamundzay Invites Investments
Afghanistan invites Indian investments in its mining, infrastructure projects, Ambassador Farid Mamundzay said.
HYDERABAD, Feb 22 (The CONNECT) – Afghanistan has sought help from India for exploring its $3 trillion worth mimes.
“We need a help in mining from India. We seek time investment from Indian companies. Our mining is worth over $ 3 trillion US dollars. We also need investments in infrastructure projects, and solar plants,” said Afghan Ambassador Farid Mamundzay.
Addressing the Federation of Telangana Chamber of Commerce and Industry (FTCCI) on Wednesday, Mamundzay said the current trade between India and Afghanistan is valued about Rs 12,000 crore. With increasing ties the trade potential can be doubled in a couple of years.
“I know you are all worried about political stability in Afghanistan,” he said and pointed out that trade continuity is a sign of stability. In the last 19 months, not a single incident happened which should worry the business community, he explained.
He said that air connectivity between the two nations needs to be improved. “Currently, we have two weekly flights, from Delhi to Kabul. We want air connectivity between Hyderabad and Kabul,” he said.
Five hundred plus Afghanistan students are studying in Telangana in Osmania, Maulana Azad National Urdu University, JNTU, and The Central Institute of English and Foreign Languages. Hundred plus are studying at Osmania University alone. Telangana is contributing to the soft development and capacity building of our youth. “Thank you for hosting them,” he said.
Sediqullah Sahar, Education Attaché Embassy of the Islamic Republic of Afghanistan added that Afghani students prefer India for their higher education. We have over 60,000 Alumni who studied in India in the last twenty years. Nearly 10,000 alumni are from Telangana alone.
In his opening remarks, Anil Agarwal, president of FTCCI invited the Afghanistan Government to be part of the growth story of Telangana. Afghanistan is an important trade partner of India. He also urged them to participate in the Industrial Innovation Technology Expo to be held in June.
