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India to host summit on Afghanistan investment

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NEW DELHI: To promote Afghanistan as a new investment destination, India's premier industry body Confederation of Indian Industry (CII), along with both India and Afghanistan governments, is organising the “Delhi Investment Summit on Afghanistan” on June 28.

"The objective of this summit is to attract foreign investment into Afghanistan in the light of new opportunities opening up in various sectors in that country," said a spokesperson of India’s External Affairs Ministry.

"The summit will include presentations by the government of Afghanistan and others on the investment climate and opportunities in Afghanistan and panel discussions on cross-cutting issues as well as sector specific themes. Potential regional and international investors, including companies from India, will participate in the event," the official said.

The summit is being organised in line with India’s long term commitment to the country as they build a peaceful, pluralistic, democratic and prosperous Afghanistan, the ministry said.

According to CII, the objective is to attract foreign investments into Afghanistan in areas like mining, hydrocarbons and infrastructure, and in the badly needed investments in traditional sectors like agriculture, industry, capacity-building, health and services -- after three decades of conflict.

The summit will be held at Hotel Taj Palace in India’s capital.__(PAN)

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