Business
IDP remains uncompleted due to insecurities: MoE
India’s Development Projects (IDP) have been stopped in Afghanistan border areas due to insecurities, the Ministry of Economics (MoE) said.
Acting minister of economics ministry, Hakim Khan Habibi said that development projects in provinces that borders Pakistan remained uncompleted about one and a half year.
Habibi noted that the projects are mostly in health, education, training and higher education sectors.
India is one of the biggest financial supporters for Afghanistan that assists Afghanistan in infrastructure sectors.
“The India’s development projects remained uncompleted are mostly due to security and technical problems.” Hakim Khan added.
However, ministry of interior affairs said that the ministry is able to provide the security of those areas but the ministry of economics has not issued any suggestion based on insecurity to them.
India has more than 200 economic and development projects in Afghanistan that its largest projects are Salma hydroelectric dam in Herat province and the Afghan parliament building in Kabul.
India has played an important role in the reconstruction and rehabilitation of Afghanistan.
The cumulative level of committed Indian assistance to Afghanistan amounts to US$ 2 billion. For a country like India, which is not a traditional donor, this is a significant contribution.
Most of India’s development projects in Afghanistan can broadly be divided into four categories: Large infrastructure projects; humanitarian assistance; capacity building initiatives; and ‘Small Development Projects’.
Business
Tatarstan businessmen keen to invest in Afghanistan’s oil and gas sector
The Ministry of Mines and Petroleum says that the head of the ministry has met with a number of visiting businessmen and representatives of oil and gas processing companies from the Republic of Tatarstan.
The ministry said at the recent meeting, the visiting businessmen outlined their experience and work in the field of oil and gas extraction and processing.
In a post on X, the ministry quoted the Tatarstan group as having acknowledged an “orderly system” in Afghanistan with complete security and favorable grounds to invest.
The visitors said at the meeting their companies are considering the possibility of investing in the survey, exploration and extraction processes of oil and gas in the country, as well as the refinement stage.
Shahabuddin Delawer, Acting Minister of Mines and Petroleum, welcomed the group’s enthusiasm and said “fortunately, Afghanistan has rich oil and gas resources in various areas,” adding that currently agreements are being drawn up regarding Herat’s oil and gas blocks – something which Tatarstan businessmen could invest in.
Delaware said that the Ministry of Mines and Petroleum is ready to cooperate in accordance with the relevant laws in order to facilitate investment.
Tatarstan, officially the Republic of Tatarstan, is a republic of Russia located in Eastern Europe.
Business
Afghanistan and Turkmenistan firms sign over 10 contracts on construction, food materials
Afghanistan and Turkmenistan companies have signed more than 10 contracts and two memorandums of understanding on construction materials, including iron bars, paint, marble and food materials.
The contracts were signed during the trip of a Turkmen business delegation to Herat province and in the presence of Nooruddin Azizi, Acting Minister of Industry and Commerce.
“There is excellent opportunity for the expansion of trade and economic relations between Afghanistan and Turkmenistan, which both sides should take full advantage of,” Azizi said at the signing ceremony of these contracts, according to a statement released by the Ministry of Industry and Commerce on Tuesday.
The Ministry of Industry and Commerce pointed out that the contracts were inked as a follow-up to visit of the acting minister to Turkmenistan and meeting with its national leader Gurbanguly Berdi Mohammadov.
Earlier, the delegation from Turkmenistan’s private sector said that their goal is to expand economic relations between the private sectors of the two countries. They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Business
Turkmenistan’s industrialists keen to buy Herat-made construction material
Union of Turkmen industrialists is interested in a contract with Herat industrialists in the field of construction materials. The economic delegation of Turkmenistan, which has been in Herat for the past three days, has visited various plants including marble and iron and also paint manufacturers.
The delegation, which is from Turkmenistan’s private sector, says that their goal is to expand economic relations between the private sectors of the two countries.
They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Contracts for the sale of marble, paint and iron bars between the two countries are expected to be signed soon.
“During this trip that we were in Herat and the products that we saw in the factories and especially the works that were handicrafts in the field of marble and onyx, these are really amazing, naturally, in the world of industries handicraft is said to be one of the most expensive and popular products, so we were surprised by the products we saw here,” said a member of the delegation from Turkmenistan.
Herat Chamber of Industries and Mines says that there is now the capacity in Herat Industrial City to produce enough goods in various sectors to export abroad. At present, there are about 40 companies operating in the marble processing sector.
An agreement with the Turkmenistan union for construction materials could be a valuable step for Herat business owners.
Some factory owners also believe that the production of construction materials has improved in recent years, and that the capacities in the production and processing of marble and iron bars have also increased.
Herat Chamber of Industries and Mines says that currently more than 800 factories are active in the industrial town of this province.
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