NEW DELHI: President Hamid Karzai said yesterday that Afghanistan was confident in its future and ripe for foreign investment as he touted for Indian business despite continuing unrest in his war-torn country.

After holding talks with Indian Prime Minister Manmohan Singh in New Delhi, Karzai said international companies should seize the chance to invest in his country ten years after the fall of the Taleban regime.

“Investment opportunities in Afghanistan today are better in a country that is more confident in its future and is willing to receive investment from its friends, particularly India,” he told reporters.

“My visit this time to India is focused particularly in talking to and requesting Indian businesses to come to Afghanistan.”

India has given $2 billion in aid to Afghanistan since the Taleban were ousted. It is keen to invest more to tackle chronic instability and prevent the return of militant rulers after international troops pull out in 2014. The two leaders signed memorandums of understanding on aid for small development projects, youth affairs and coal mining.

In October last year India and Afghanistan began a “strategic partnership” aimed at deepening security and economic links, with Karzai keen to elevate India’s involvement further. At a weekend meeting with business leaders in Mumbai, he promised a “red carpet” welcome for Indian investment as US-led coalition forces prepare to withdraw.

India has not contributed to the international forces deployed in Afghanistan, but has worked on low-key troop and police training as well as infrastructure development.

Afghanistan is believed to have mineral reserves worth at least $3 trillion which could generate billions of dollars in tax revenue.

The Indian Express newspaper yesterday called for Premier Singh to provide more logistical support and training to Afghan security forces to protect India’s own position.

“Short of sending combat troops into Afghanistan, India must offer all the military assistance it can to beef up Kabul’s capacity to defend itself,” it said. “Further hesitation on Delhi’s part can only undermine India’s ability to secure its long-term interests... and its reputation as a credible regional power.”