Editor in Chief: Moh. Reza Huwaida Monday, October 22nd, 2018

Indian Company Seeks Partner for Big Afghan Project

Indian Company  Seeks Partner for Big Afghan Project

KABUL - A prominent Indian steel company is looking for a strategic partner for a big mine project to step up a three-million ton steel plant in Afghanistan.
Steel Authority of India known as SAIL is interested to team up with other Indian companies to win the project for the Hajigak iron ore mines that have been open for bidding.
"We are keeping our options open on possible partners for the steel plant," the Economic Times of India quotes chairman CS Verma as saying. "We would like to work with like-minded big domestic companies. If we have to look for technology, we may also scout for potential overseas partners."

Verma has already discussed the proposal for Hajigak iron ore mines with Afghan Mines Minister Wahidullah Shahrani, the Economic Times said.
"We would like to take it forward, provided the government allocates iron ore mines on a nomination basis to us, be it at Hajigak or even elsewhere. Apart from iron ore, we would also require coking coal and land. Above all, we need to safeguard the security of our staff in that country," Verma told the Economic Times.
India is one of the biggest fund providers to Afghanistan and has greatly helped Afghanistan to build its infrastructure and fundamentals. (Tolo News)