India announces 500 mn USD package for Afghan

Last Updated: Thursday, May 12, 2011 - 21:03

Kabul: Prime Minister Manmohan Singh on Thursday announced a fresh Indian aid package of 500 million US dollars
for Afghanistan with focus on social sector, agriculture,
capacity building and infrastructure projects.

"We have decided to make a fresh commitment valued at
approximately 500 million US dollars over the next few years,"
he said at a joint press conference with Afghan President
Hamid Karzai here after their talks.
India already has a commitment of 1.5 billion US dollars
in Afghanistan.

The new package will consist of specific projects and
schemes and other initiatives that will be developed in
consultation with the Afghan government, Singh said.
Giving a broad outline, he said India will increase its
focus on the social sector, agriculture, capacity building,
access to Indian market and continue with its infrastructure
projects.

Of the new aid package, 100 million US dollars will be
for the third phase of India`s programme of small development
projects, over and above the previous pledge of 20 million US
dollars.

The package will also include donation of 1000 buses for
Kabul and other municipalities with provision for maintenance
support, training and infrastructure.

PTI



First Published: Thursday, May 12, 2011 - 21:03
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