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US lauds India for hosting Afghan investment summi

Last Updated: Tuesday, June 26, 2012 - 23:00

Washington: The US has lauded India`s "excellent" initiative to host a major investment summit on Afghanistan and said more than a dozen American companies have signed up to participate in the upcoming event in New Delhi.

"We have more than a dozen American companies participating in the conference to explore investment opportunities, including big companies like DuPont, Price Waterhouse Cooper, General Electric, ExxonMobil," State Department spokesperson Victoria Nuland told reporters.

"So we think this is an excellent initiative to strengthen private sector investment, to strengthen regional links and shows great leadership the Indian government`s part," Nuland said in response to a question on the meeting which is scheduled to be held in New Delhi on June 28.

"We have encouraged our firms interested in Afghanistan to participate. So are very much appreciative," Nuland said.

Nearly 40 countries, including Iran, China and Pakistan are expected to take part in the investment meet to be held on Thursday to mobilise flow of private capital to the war-torn country.

The objective of the Summit is to attract foreign investment into Afghanistan in the light of new opportunities opening up in various sectors in that country.
India has already committed USD 2 billion towards reconstruction and developmental activities in Afghanistan.

PTI

First Published: Tuesday, June 26, 2012 - 23:00
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