Post Date : August 19, 2021
Since the seizure of Kabul by the Taliban on Sunday, the Federation of Indian Export Organisation (FIEO) revealed that the Taliban have stopped all imports and exports with India.
Dr Ajay Sahai, Director General of FIEO said that the Taliban have ceased the movement of cargo through the transit routes of Pakistan, thereby stopping exports, imports from the country.
“The Taliban have stopped the movement of cargo through transit routes of Pakistan, thereby stopping imports from the country. We are keeping a close watch on the developments in Afghanistan.”~ Dr Ajay Sahai, Director General of FIEO
India is not only one of the largest trade partners of Afghanistan but it also has a considerable share of investment in the country. The director-general added that there are 400-odd projects, some of which are currently going on.
“We are one of the largest partners of Afghanistan and our exports to Afghanistan are worth around $835 million for 2021. We imported goods worth around $510 Million. But besides the trade, we have a sizeable investment in Afghanistan. We have invested around $3 billion in Afghanistan and there are 400-odd projects in Afghanistan some of which are currently going on,” he said.
He also shared that currently, India exports sugar, pharmaceuticals, apparel, tea, coffee, spices and transmission towers to Afghanistan. The imports are related and largely dependent on dry fruits. India also imports a little gum and onions from the country.