Karzai Woos India Inc. as Delay on U.S. Pact Deters Billions
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Abhay Barhate listened with skepticism as Afghan President Hamid Karzai told Indian investors of the riches that await if they pour money into his country, one of the poorest in Asia.
Barhate, business development manager for Jain Irrigation Systems Ltd., Asia’s largest irrigation-equipment maker, said the Indian embassy had warned him against investing in a solar-power plant in Afghanistan. Karzai, who met billionaire Malvinder Singh in New Delhi at the start of a trip to India that ended yesterday, said little to reassure Barhate that the country would be safe if all U.S. troops withdraw next year.