India and Qatar held a high-level meeting here on Thursday to explore opportunities for boosting Qatari investments in India, particularly in sectors such as infrastructure, advanced manufacturing, transport, logistics, food processing, healthcare, semiconductors, and finance.
The discussions followed up on Qatar’s commitment to invest $10 billion and open an office of the Qatar Investment Authority (QIA) in India, a pledge made during the state visit of Qatar’s Amir to India in February this year.
Both sides agreed to promote further discussions for investments by QIA and other Qatari entities, focusing on key sectors, projects, and companies. The Qatari delegation conveyed confidence in India’s economic growth and technological advancements, noting that the country presents wide-ranging opportunities for investment, according to an official statement.
The meeting was co-chaired by Union Minister of State for Finance Pankaj Chaudhary and Qatar’s Minister of State for Foreign Trade Affairs Ahmad bin Mohammed Al Sayed.
Hosted by the Department of Economic Affairs (DEA), Ministry of Finance, the high-level meeting aimed at strengthening bilateral investment cooperation between India and Qatar.
The Qatari delegation, visiting New Delhi from August 27 to 28, included representatives from Qatar’s Ministries of Commerce & Industry, Transport, Communications & IT, and Municipality, along with senior officials from QIA, Qatar Airways, QTerminals, Hassad Foods, Qatar Chamber of Commerce, and the Qatar Businessmen Association.
QIA has already invested in multiple sectors in India, including retail, utilities, media, housing, healthcare, and real estate. Meanwhile, the Indian community in Qatar has also contributed to the SME sector in the Gulf nation.
–IANS
