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Private sector investment in Bamyan on decline

Private sector investment in Bamyan on decline

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On
May 27, 2015 - 15:47

BAMYAN CITY (Pajhwok): Private investment witnessed record downward trend in recent years in central Bamyan province, which put far-reaching negative impact on the overall trade and development activities, an official said.

Ali Raza Hassanzada, executive director of Afghanistaninfo-icon Chamber of Commerce and Industries (ACCI), said lack of government support for private sector discouraged foreign investment.

He told Pajhwok Afghan News owners of private factories had invested $10,000 and more than 100 people used to work in but now everyone was jobless and there were no activities.

Officials of Bamyan Chamber of Commerce and Industries (BCCI) said around 10 factories that produced food items, soap, and garments were active in the past, but now majority of these factories were closed due to non availability of electricity and industrial area.

Masuma Ibrahimi, head of the businesswomen union, the authorities concerned did not support handicraft production, adding Bamyan womeninfo-icon made tangible progress in the industrial sector.

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