Taliban stop exports, imports from India: FIEO

The Taliban have stopped the movement of cargo through the transit routes of Pakistan, thereby stopping exports, imports from the country, the FIEO Director General said

Livemint
Published18 Aug 2021, 07:54 PM IST
A Taliban fighter holding an M16 assault rifle stands outside the Interior Ministry in Kabul, Afghanistan
A Taliban fighter holding an M16 assault rifle stands outside the Interior Ministry in Kabul, Afghanistan(Photo: Reuters)

The Federation of Indian Export Organisation (FIEO) on Wednesday said the Taliban—who on Sunday seized control of Afghanistan's capital Kabul after over two decades again—have stopped all imports and exports with India.

Dr Ajay Sahai, Director General of FIEO said the Taliban have stopped the movement of cargo through the transit routes of Pakistan, thereby stopping exports, imports from the country, news agency ANI reported.

"We keep a close watch on developments in Afghanistan. Imports from there come through the transit route of Pakistan. As of now, the Taliban has stopped the movement of cargo to Pakistan, so virtually imports have stopped," Sahai said. 

The Director General of FIEO said India is not only one of the largest trade partners of Afghanistan but also having a sizeable investment in the country. There are 400-odd projects, some of which are currently going on, he added.

"In fact, 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," Sahai said.

Sahai further said 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, he added.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:18 Aug 2021, 07:54 PM IST
Business NewsNewsIndiaTaliban stop exports, imports from India: FIEO

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power

    665.85
    02:59 PM | 16 SEP 2024
    32.3 (5.1%)

    Tata Steel

    154.20
    02:59 PM | 16 SEP 2024
    0.8 (0.52%)

    Bank Of Baroda

    238.80
    02:59 PM | 16 SEP 2024
    -0.5 (-0.21%)

    Bharat Electronics

    290.50
    02:59 PM | 16 SEP 2024
    0.55 (0.19%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Godfrey Phillips India

    7,940.45
    02:59 PM | 16 SEP 2024
    616.7 (8.42%)

    Adani Green Energy

    1,931.40
    02:59 PM | 16 SEP 2024
    143.55 (8.03%)

    Dixon Technologies (India)

    13,971.00
    02:59 PM | 16 SEP 2024
    949.6 (7.29%)

    Triveni Engineering & Indus

    507.80
    02:59 PM | 16 SEP 2024
    33.95 (7.16%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      73,120.00130.00
      Chennai
      73,260.00160.00
      Delhi
      75,415.00105.00
      Kolkata
      75,750.00150.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.85/L0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts