The first visible signs of trade and investment in Afghanistan by Indian corporates are already beginning to show up. A Kolkata-based company, Kamrup Industrial Gas Ltd. has entered into a 50:50 joint-venture agreement with Dubai-based Yahya Gulf Trading Fze for setting up of a manufacturing plant for industrial oxygen, medical oxygen, nitrogen and acetylene in Kabul. This is the first significant investment being made by an Indian company in Afghanistan.
The joint venture agreement was signed between Devendra Kumar Garg, managing director of Kamrup Industrial Gas Ltd. and Iqbal Rashidzada, president of Yahya Gulf Trading Fze, and a non-resident Afghan businessman yesterday. The companies intend to make an investment of $2,50,000 in the project.
