India, Afghanistan inks four MoUs
Prime Minister Manmohan Singh held discussions with Afghan President Hamid Karzai, who is in
"We also discussed changes in the security and political situation in and around
Reaffirming the "shared vision of a stable, strong, united, sovereign and prosperous
"We discussed the need to develop a strategic economic partnership, which will build on our economic synergies for mutual benefit. I also reiterated to President Karzai our belief that
He also made it clear that this time he was here to woo investors.
"My visit here this time is focused in talking to and asking and requesting Indian business to come to
"Investment opportunities in
The four pacts inked were Indian Grant Assistance for Implementation of Small Development Projects through local government bodies, community organisations, cooperation in the field of fertiliser sector, cooperation in youth affairs and cooperation in the field of development of coal and mineral resources.
The two sides also decided to intensify the cooperation with a special focus on deepening their economic engagement in areas ranging from agriculture and small businesses to mining and infrastructure.
The Prime Minister also noted that
Karzai, who landed in Mumbai on Friday, had told India Inc not to be "shy" when it comes to investing in his mineral-rich country and pointed out to them of the gains reaped by the Chinese who invested early in the war-ravaged country.
"Indian businesses need not be shy when thinking of
Asserting that his administration will do all things possible and accord special treatment to Indian investors, the Afghan President had said, "We would like to give you a better platform. We would like to welcome you on a red carpet and others on a grey carpet. But you need to arrive on the red carpet. If you don't arrive on the red carpet, it will get dusty. Therefore, do hurry up in coming and take advantage of the opportunities in
In 2011, a consortium of Indian companies won the bid to develop