NEW DELHI (Diya TV) — In a move to bolster economic ties, Qatar has pledged to invest $10 billion in India, aiming to enhance cooperation across various sectors. The announcement came after comprehensive discussions between Indian Prime Minister Narendra Modi and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani during the Emir’s two-day visit to New Delhi.
The Qatari delegation praised India’s efforts in creating a favorable environment for foreign investments, highlighting improvements in ease of doing business and a welcoming investment climate. The $10 billion investment targets key sectors such as infrastructure, technology, manufacturing, food security, logistics, and hospitality.
In addition to the investment commitment, both nations have agreed to elevate their bilateral relationship to a Strategic Partnership. A key objective of this partnership is to double the current trade volume to $28 billion within the next five years. To facilitate this growth, India and Qatar are exploring the possibility of signing a Free Trade Agreement (FTA), as stated by the Indian Ministry of External Affairs.
Trade between the two nations is currently at approximately $14 billion annually. Qatar is a very important partner for India in general, especially in the energy sector, since it is currently a leading supplier of LNG to India. These new investment modalities and potential FTA will further strengthen economic and energy ties between the two nations.
During his visit, Emir Sheikh Tamim bin Hamad Al Thani also met with Indian President Droupadi Murmu and External Affairs Minister S. Jaishankar. These meetings underscored the mutual commitment to deepening cooperation and exploring new avenues for partnership.
