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Qatar bolsters ties with India with $10 billion investment

The discussions focused on enhancing collaboration in trade, investment, energy, technology, innovation, and sustainability.

Qatar bolsters ties with India with $10 billion investment
[Source photo: Krishna Prasad/Fast Company Middle East ]

Qatar has pledged a $10 billion investment in India, reinforcing the growing economic partnership between the two nations. The commitment was announced during a two-day state visit by Qatar’s Emir, Sheikh Tamim bin Hamad Al-Thani, to India. Accompanied by a high-level delegation of ministers, officials, and business leaders, the Emir held bilateral talks with Indian Prime Minister Narendra Modi at Hyderabad House.

The discussions centered on strengthening cooperation across trade, investment, energy, technology, innovation, and sustainability. As part of its commitment, Qatar announced the establishment of a Qatar Investment Authority (QIA) office in India, further deepening economic ties.

Both nations also agreed to expand their energy partnership, focusing on trade and investment in energy infrastructure. With a longstanding diplomatic and economic relationship, Qatar remains one of India’s key energy suppliers, while India plays a vital role in Qatar’s workforce, contributing skilled labor across various sectors.

Regular high-level exchanges between the two nations have strengthened collaboration in trade, investment, defense, education, and tourism. Their strategic partnership continues to expand, driven by shared interests in regional stability and economic development.

During the visit, several agreements were signed, including a revised pact to prevent double taxation and fiscal evasion on income taxes and its protocol. Both sides also committed to expediting negotiations on the India-Qatar Bilateral Investment Treaty, further reinforcing economic cooperation.

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