Mud-blood took capital and trade away – Afghanistan

"Kabul now in hands of Taliban" - A bilateral trade between India and Afghanistan Taliban certainly fiercely flew away. The exporters are unfortunate about it. They express that uncertainty in the new government policy can lead to loss or no payment on time.

Earlier India and Afghanistan were in a strong relationship. Revising the history of India with Afghanistan went through an agreement of Strategic Partnership Agreement which was signed by the two countries to result in better trade exchanges.

Strategic Partnership Agreement (SPA) provides assistance for Afghanistan for rebuilding infrastructure and institutions, technical assistance, education, and vitally native Afghan capacity in various areas that leverage and encourages the investment In Afghanistan Natural Resources.

Characterising the India-Afghanistan relationship and high-level exchanges. On 25 December 2016, The Indian PM and Afghan Leader met in a bilateral visit and inaugurated the Afghan parliament and announced 500 scholarships for children of Afghan Air Forces and gifted Mi-25 strike helicopter for the Afghanistan forces.

Later, the Indian government approved the Small Development projects that consisted of 92 projects. On June 4, 2016, the Indian Prime Minister inaugurated the “Afghan-India Friendship Dam – Salma Dam” of Western Afghanistan. The dam project was the culmination of the hard work of 1,500 Indians and afghani engineers in a very harsh and difficult situation. The commitment to Afghanistan reconstruction was fulfilled by the Indian Government.

Afghanistan past government wanted India to assist them in establishing projects and help them to identify the priorities. India assisted the Afghan government as a result of the Shahtoot Dam and Kabul water project for irrigation and drinking water supply for the people of Kabul. Road connectivity to Band-e-amir to promote tourism, gypsum manufacturing plant in Kabul, low-cost housing for the refugee in Nangarhar Province. along with that India also has multiple value-added services for local industry.

India took up 116 High Impact Community Development Projects in 31 provinces of Afghanistan. This development was to propagate the health sector, irrigation, drinking water, renewable energy, sports, power, micro-hydropower, and education.

The prominent Indian companies that were doing business in Afghanistan were as follows:

1. APTECH –  Computer and Management Education
2. AIPL – Establishment of Hydro Power Project In Hilmand Province
3. ANAAR GROUP – Air India GSA
4. GAMMON INDIA – Power Transmission Line & Power Sub-Stations
5. KTPL – Power Transmission Line
6. Phoenix – (Consultancy In Electrical Transmission)
7. KEC – Electrical Transmission Lines
8. Spice Jet

S.K SARAF (Former FIEO, President and Leading Exporter) said there will be a significant fall in the bilateral trade. He also added – ” We may not lose all because they need our products”.

FIEO Vice President Khalid Khan said there would be a complete standstill in the trade time, situation is out of control.

“All Will Stop” – Biswajit Dhar, Professor of Economics a JNU.

“Private Players will have to deal through third countries to export to Afghanistan” –  Chairman of PLEXCONCIL.

“We are watching the situation to decide the next move” – Rajiv Malhotra proprietor of Sai International, he also added “there will be issue of timely payment”.

https://economictimes.indiatimes.com/news/economy/foreign-trade/afghanistan-situation-to-impact-trade-with-india-exporters/articleshow/85366698.cms

Afghanistan and India exchange trade that includes walnut, almond, fig, pine nut, pistachios, dried raisins, dried apricot, cherry, medicinal herbs, and fresh fruits. The Global Market will be affected by the effect of unresting activities in Afghanistan. The financial market indices are generously keening down. The major trading went into the red zone in the past 24 hours. The next few weeks will be important to determine and define the progress of Afghanistan.