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Afghanistan lures Indian industry with new sops.

Asia Africa Intelligence Wire

| September 27, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Business Line)

KABUL, Sept. 26. AFGHANISTAN has urged the Indian industry to take advantage of the new investment legislation enacted by the Transitional Islamic State of Afghanistan.

"The new legislation allows 100 per cent foreign direct investment in many areas, besides providing 100 per cent legal security for foreign entities and tax holiday of 4-9 years. The Government is also willing to lease out land for 30 years to bring more investments into …

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