December 8, 2010

Afghanistan seeks India's aid to boost agricultural sector

Afghanistan sought Indian investment and technology in agriculture sector last Friday (Dec 3), as the war-ravaged nation continue to rebuild its economy.

"I invite Indian investments and private companies in rejuvenation of agriculture sector," said Mohammad Asif Rahimi Afghan Minister for Agriculture, Irrigation and Live Stock.

He said agriculture is high on agenda of his government and his country requires US$4 billion worth of investments in the sector in the coming three years.

The country had faced years of civil war that shattered its infrastructure, agriculture and human resources. The visiting minister said the Afghan government will provide all sort of help and security to investors.

"We will provide land (on lease) besides ensuring adequate security through legal framework," he said.

Afghanistan has about eight million hectare agricultural land and about 25% is irrigated.

He said, "Technology which India can offer will be more sustainable and cost effective (for us)," adding the agricultural situation in the two nations was similar.

Afghanistan, for which India is a big market for agricultural produce, is looking for investments in areas like irrigation, water management, soil testing, food processing and setting up of value chain.

Referring to about 4,000 Afghan students who are studying in India, Rahimi said his country requires thousands of professionals and experts for economic growth. "We want them (the students) to return home and participate in development," he added.

The bilateral trade between the two-nations stood at US$588.74 million in 2009-10.