President Karzai: “Joint Economic Cooperation, Investment, and Employment Can be Very Effective in Fighting Terrorism”
 
President Karzai Addresses the Regional Business ConferenceOn November 18, President Karzai announced the need for greater Indian investment in Afghanistan at the Regional Business Conference in New Delhi. 

“Afghanistan has achieved much in the last five years in its efforts to provide further facilities for foreign investment.  Private investment in Afghanistan has reached $4.5 billion so far,” he stated.

“Recent experiences show that many of the foreign and domestic investors in Afghanistan have made profits several folds over, which is very rare in other parts of the world.”

“Today, we offer investment opportunities in many areas including energy, mines, agriculture, transportation, procurement, and communications.  Ring roads and highways connecting Afghanistan to its neighbors are built and in use now, electricity for major cities is under construction, communication is largely expanding with much of the country now under cell phone coverage, and private transportation is widely available through our many land and air companies,” said President Karzai.

Calling reports by some media about the situation in Afghanistan “misguided and untrue,” the President added, “Fortunately, stability in Afghanistan is many times better than what is reflected in the media.  Terrorists with sporadic and furtive attacks cannot be a serious threat to Afghanistan’s stability and security.”

President Karzai thanked the organizers of the conference and ended by saying, “Joint economic cooperation, investment, and employment can be very effective in fighting terrorism.”