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Afghanistan invites India to invest in fertilisers, chemicals

Afghan president Ghani also urged for greater phone connectivity between India and Afghanistan

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BS Reporter New Delhi
Afghan President Mohammad Ashraf Ghani on Wednesday invited the Indian industry to invest in their fertiliser and chemicals industry by tapping Turkmenistan gas. 

Ghani, who is on a two-day visit here, said that there are huge investment potential for the Indian industry to invest in Afghanistan's gas, fertilisers and chemicals industries. 

"In invite you to tap these industries based on Turkmenistan's gas. If we don't tap it then we will lose it to someone else. This will be a win-win situation for both of us," Ghani said addressing a joint business chambers meeting of FICCI, CII & ASSOCHAM. 

Ghani also urged for greater phone connectivity between India and Afghanistan. 
 
He, however, added that nothing is possible without a proper network of railways. 

"We ask you use Afghanistan as a launching pad to reach the Central Asian markets. We have tax exemptions and tariff advantages to offer you. This way you can access not only the Afghanistan market but also the global market," he added. 

The Afghan President also said that Afghanistan is in the process of drawing out an infrastructure plan. 

He also added that Afghanistan will offer multiple entry visas to businessmen. 

"Our 19th century visa system has to change... Despite our millennia of dependence on businesses we have not taken in seriously," he said. 

He also added that the Afghan banking system is also going transform with a cluster-based approach. 

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First Published: Apr 29 2015 | 12:18 PM IST

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