City
Epaper

Afghstan holds agricultural expo in Mumbai to boost trade ties with India

By ANI | Updated: June 22, 2019 06:45 IST

Afghstan on Friday held an event here to highlight "Made in Afghstan" products in a bid to attract Indian investment to their nation.

Open in App

Afghstan on Friday held an event here to highlight "Made in Afghstan" products in a bid to attract Indian investment to their nation.

57 Afghan compes from the agricultural sector took part in the event, which was inaugurated by Muqadessa Yourish, the Deputy Minister of Afghstan's Ministry of Industry and Commerce.

Speaking to , Yourish highlighted that Afghstan sought to attract investment to their nation to boost its economy.

"There are two sides of business - there is trade and there is investment...We're doing really great on the trade aspect of business but we're struggling to bring in investment to the country. There is a lot of potential, we have the energy sector, the mining sector but security has always been an issue when businesses have shown interest to come and invest in Afghstan," she said.

"Going forward, we would like to focus not only on trade but the investment component of the business as well. Our Indian partners have certainly shown interest on that front," the leader added.

The event acted as an apt platform for various compes in terms of increasing business ties and was able to attract crowds of customer and businessmen, the Embassy of the Islamic Republic of Afghstan, New Delhi, stated.Speaking on trade through the Chabahar Port, Yourish said: "Every transit route, when you just inaugurate them, they do have their challenges. With Chabhar particularly, one of the biggest issues on our side has been that currently there is no Afghan company that owns a shipping line, So the cost of shipping has been very high for our traders."

She further highlighted that an Indian marine line company was interested in doing a joint investment with Afghan partners to find a solution to this problem being faced by Afghstan.

Naseem Sharifi, the Consul General of Afghstan's Consulate General in Mumbai was optimistic about the outcome of the event. Speaking to , he also added that Chabahar is making the export of a lot of items to India possible.

"The overall goal is to increase the volume of export from Afghstan to India and then again import Indian goods to Afghstan," he said.

( With inputs from ANI )

Tags: indiaEmbassy
Open in App

Related Stories

TechnologyHow To Effortlessly Transfer Data from Android to iPhone Using Apple’s Move to iOS App

NationalDonald Trump Imposes Additional 25% Tariff on India, Total Tariff Now 50%

TechnologyWill the Government Have to Offer More Incentives on EVs? NITI Aayog Raises Concerns Over Slow Sales Growth

OpinionsWhy is Trump So Upset with India?

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

National Realted Stories

NationalFan murder case: Pavithra Gowda arrested from her residence, police tracking whereabouts of Darshan

NationalRs 3,000 crore Cyprus-based betting fraud: ED freezes mule accounts with Rs 110 crore

NationalCentre to issue special commemorative coin on IIT-Kharagpur's 75th anniversary

NationalTemper rhetoric, any misadventure will have painful consequences: India warns Pakistan

NationalBihar SIR row: SC asks Election Commission to upload data of voters omitted in draft list