Passage to Prosperity 2: India-Afghanistan International Trade and Investment Show
Afghanistan is bringing its successful businesses to the world market so that others can benefit from the unique products, services, and business opportunities they offer in luxury goods, agriculture, energy, health and education, mining and heavy industry. On September 12-15, 2018, buyers, seller, and investors will have the opportunity to “do business first” with these select vendors in Mumbai, India.
Not only does this opportunity provide international businesses with the unique opportunity to connect with the fruitful offerings that Afghanistan businesses have to offer, but it also provides employment opportunities, fosters stronger economies, and enables the cultivation of economic bonds and better overall relations between countries. These bonds build partnerships and prosperity and provide a platform to deepen the understanding between cultures and heritages.
Building on the experience of the Passage to Prosperity: India-Afghanistan Trade and Investment Show that was held in New Delhi, India in September 2017, USAID/Afghanistan plans to organize the Second Annual Passage to Prosperity: India - Afghanistan International Trade and Investment Show in Mumbai from September 12 – 15, 2018. The event aims to advance trade integration by establishing economic and trade ties between Afghanistan and the international markets through business-to-business matching and consumer sales. USAID expects to have international and Afghan businesses, government officials, members of the media, and organizers attend the event. In parallel to the business component, USAID will conduct a series of panels on topics including civil aviation, mining, clean energy, and health and financial services investment opportunities.
The Passage to Prosperity 2017 event was a huge success that helped further strengthen the relationship between the two countries. The event drew more than 1,000 Indian merchants looking to secure contracts, partnerships, and investment opportunities with more than 240 Afghan businesses and private sector entities. More than $27 million in contracts were signed between Indian buyers and Afghan vendors, in both raw and processed agricultural products. In addition, a number of Indian buyers and Afghan vendors signed MOUs valued at nearly $214 million during the four-day event, and more than $10 million in sales of carpets, gemstones, jewelry, marble, and food-related products occurred during the final day's business-to-consumer event. Industry representatives from the education, health, commerce, energy, and agriculture sectors hosted matchmaking sessions for Afghan traders and Indian investors to foster commercial ties between Afghanistan and India, highlight recently signed agreements, showcase Afghan companies and Indian innovation, and launch a forthcoming roadmap for future engagement.
In preparation for the upcoming 2018 event, USAID and several USAID partners will identify Afghan traders, develop business profiles, and facilitate pre-matching with international businesses and buyers. Before the event, USAID Product Managers will hold one-on-one meetings with businesses, and joint venture training will be conducted by the United States Commerce Department for approximately 30 Afghan companies to prepare them for the matchmaking portion of the show. USAID expects approximately 200 Afghan businesses, including women-owned businesses, to participate. USAID will also work closely with USAID/India to organize logistics for the event.