Mumbai / Hyderabad: Taliban win control in Afghanistan presents a new challenge for Indian companies with new business ink in a torn country.
Although companies such as Power Transmission Kec International and Kalpataru will complete an ongoing infrastructure project in Afghanistan through local residents, they face business uncertainty after the situation changes in the field.
The two companies have remembered their Indian employees.
While the existing project was funded by international and insured institutions, Indian companies were wary of business prospects under the Taliban regime.
“We followed the situation that appeared in Afghanistan.
We will wait and watch and then decide.
Very early to comment on the new contract,” said Chief Executive Kec International Vimal Kejriwal.
Along with Kejriwal, a spokesman for the transmission of Kalpataru’s strength said, “The overall situation in this region is still developing and will be early to speculate about the long-term results.” The Taliban took control in Afghanistan after two decades following US military drawdown.
In his first presser on Tuesday, the strength of the fundamentalist Islam said Afghan interactions with foreign countries would continue and guaranteed security for international organizations.
However, Wapcos, a public sector institution that offers services in water development, power and infrastructure, is uncertain if it will bid new projects in Afghanistan, executive director A n N Prasad said every day.
India has become the largest regional contributor to Afghan’s development and reconstruction projects, investing more than $ 3 billion in Islamic countries, in the past two decades.
This period also sees entries and exits several Indian companies such as Tata Motors and Hyderabad-based BSCPL infrastructure.
The challenging situation on the ground forced BSCPL to exit Afghanistan after more than a decade in 2015, said MD Bullineni Seaiiah.
“We don’t want to take a further risk because of our employees.
Therefore, decided to oppose participating in new projects,” said Seamaiah.