Afghan to give multiple entry visas to Indian entrepreneurs
Updated: Apr 23, 2014 11:23:22am
New Delhi, Apr 23 (KNN) Strengthening the economic ties between India and Afghanistan, multiple entry visas will be extended for Indian businessmen on long term basis, Ambassador of Afghanistan in India Shaida Mohammad Avdali has said adding that new investment incentive policy has been announced for attracting investment on long term basis (10 years) in sectors such as industry, construction, export promotion, agriculture and mining.
Speaking at the interactive session organized by Federation of Indian Export Organisations (FIEO) in the national capital Avdali said, “an MOU would be signed between FIEO and Export Promotion Agency of Afghanistan (EPAA) very shortly for providing information on standard requirement of their respective countries, capacity building and exchange programme.
“Afghanistan has announced New Investment Incentive Policy for attracting investment on long term basis (10 years) in sectors such as industry, construction, export promotion, agriculture and mining wherein the investor would be provided 5 years rent free location, concessional electricity and import of machinery without tax,’ he added.
On the other hand, Director General and CEO of FIEO, Ajay Sahai yesterday said while addressing the event that the bilateral trade between India and Afghanistan has only witnessed modest growth in the last 4 years and there is urgent need to diversify the exports and imports between the two countries.
Indian exports are dominated by man-made filament apparels, pharmaceuticals, Gems and Jewellery, tobacco, etc which accounts for over 80 per cent of India’s exports while dry-fruits, lac including gum resin contribute to 95 per cent of imports from Afghanistan.
He stressed the need to take the benefit of Preferential Free Trade Agreement signed between India and Afghanistan in 2003. (KNN/SD)
Speaking at the interactive session organized by Federation of Indian Export Organisations (FIEO) in the national capital Avdali said, “an MOU would be signed between FIEO and Export Promotion Agency of Afghanistan (EPAA) very shortly for providing information on standard requirement of their respective countries, capacity building and exchange programme.
“Afghanistan has announced New Investment Incentive Policy for attracting investment on long term basis (10 years) in sectors such as industry, construction, export promotion, agriculture and mining wherein the investor would be provided 5 years rent free location, concessional electricity and import of machinery without tax,’ he added.
On the other hand, Director General and CEO of FIEO, Ajay Sahai yesterday said while addressing the event that the bilateral trade between India and Afghanistan has only witnessed modest growth in the last 4 years and there is urgent need to diversify the exports and imports between the two countries.
Indian exports are dominated by man-made filament apparels, pharmaceuticals, Gems and Jewellery, tobacco, etc which accounts for over 80 per cent of India’s exports while dry-fruits, lac including gum resin contribute to 95 per cent of imports from Afghanistan.
He stressed the need to take the benefit of Preferential Free Trade Agreement signed between India and Afghanistan in 2003. (KNN/SD)
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