Indian industry plans $10 Bn investment in Afghanistan

GlobalPost

Indian companies will invest more than $10 billion developing mines and building a steel plant in Afghanistan, India's Daily News & Analysis (DNA) newspaper reported.

External Affairs Minister SM Krishna unveiled the plans at a global conference where representatives of over 100 countries are meeting to chart the course for Afghanistan after US-led NATO troops pull out in 2014, the paper said.

India argued that a latter day Marshall Plan is needed to rebuild Afghanistan.  The war-ravaged nation needs help establishing internal security and effective governance deficit, as well as attracting investment for economic development, India said.

Sign up for our daily newsletter

Sign up for The Top of the World, delivered to your inbox every weekday morning.