News Summary: Karzai in India to woo investment

Monday - 11/12/2012, 2:16pm EST

By The Associated Press

(AP) - HAT IN HAND: Afghan President Hamid Karzai urged Indian companies to boost investment in his country, and India's leader said economic development in the war-torn nation would contribute to stability in the region.

CHANGING OF GUARD: India has invested more than $2 billion in Afghan infrastructure, including highways, hospitals and rural electricity projects. New Delhi is hoping to gain some influence in the country after 2014, when Afghan forces become responsible for the entire country's security.

THE OUTCOME: The two countries signed four agreements, including ones on mining and development of small enterprises. The leaders also reviewed a strategic partnership agreement that the countries signed last year.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)