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Afghan leader Karzai calls for more India investment | Afghan leader Karzai calls for more India investment |
(35 minutes later) | |
Afghan President Hamid Karzai has called for greater Indian investment in Afghanistan during talks with PM Manmohan Singh in Delhi. | Afghan President Hamid Karzai has called for greater Indian investment in Afghanistan during talks with PM Manmohan Singh in Delhi. |
At a joint press conference, Mr Singh said Afghanistan's economic development would lead to "the overall prosperity and stability in the region". | At a joint press conference, Mr Singh said Afghanistan's economic development would lead to "the overall prosperity and stability in the region". |
The countries also signed a series of agreements, including on mining and development projects. | The countries also signed a series of agreements, including on mining and development projects. |
Delhi has already pledged $2bn (£1.3bn) in assistance to Kabul. | Delhi has already pledged $2bn (£1.3bn) in assistance to Kabul. |
During his four-day India visit, Mr Karzai urged greater Indian investment in Afghanistan - "a country more confident of its future". | |
In June, India hosted an international investment conference on Afghanistan, barely a week before another global gathering in Tokyo, to pledge aid. | In June, India hosted an international investment conference on Afghanistan, barely a week before another global gathering in Tokyo, to pledge aid. |
Last year, the two countries signed a strategic partnership to deepen security and economic ties. | |
Correspondents say the two countries are strengthening their ties as the US and its Nato allies prepare to leave Afghanistan in 2014. | |
Apart from help in building up Afghan security forces, India has pledged or spent some $2bn worth of aid over the last decade to build roads, power stations and even the Afghan parliament. | Apart from help in building up Afghan security forces, India has pledged or spent some $2bn worth of aid over the last decade to build roads, power stations and even the Afghan parliament. |
India has been also rewarded with rights to mine Afghanistan's prime iron ore reserves - state-owned companies are leading the way so far. | |
Former foreign minister SM Krishna has said that Indian business interests need to overcome "the anxiety of withdrawal, uncertainty, instability and foreign interference" to invest in Afghanistan. | Former foreign minister SM Krishna has said that Indian business interests need to overcome "the anxiety of withdrawal, uncertainty, instability and foreign interference" to invest in Afghanistan. |