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    Home » Qatar Pledges $10 Billion Investment in India to Boost Trade and Energy Ties

    Qatar Pledges $10 Billion Investment in India to Boost Trade and Energy Ties

    Aditya LenkaBy Aditya LenkaFebruary 19, 2025 Space No Comments2 Mins Read
    Qatar pledges $10 billion

    Qatar pledges $10 Billion in India Across Key Sectors

    Qatar pledges $10 billion in investment in India, strengthening economic ties between the two nations. The announcement came on Tuesday after Qatari Emir Sheikh Tamim bin Hamad Al-Thani concluded a two-day visit to New Delhi, marking the first such visit by a Qatari leader in a decade.

    Strengthening Trade and Investment Ties

    Indian Prime Minister Narendra Modi described his discussions with the Emir as “very productive,” highlighting trade as a key focus. “We want to increase and diversify India-Qatar trade linkages,” Modi stated in a post on X.

    According to a joint statement, Qatar’s investment will span multiple sectors, including infrastructure, technology, manufacturing, food security, logistics, and hospitality.

    Plans to Double Trade and Explore Free Trade Agreement

    India and Qatar have set an ambitious target to double their annual trade volume to $28 billion within the next five years. The two countries are also exploring the possibility of a free trade agreement, according to India’s foreign ministry.

    Bilateral trade between India and Qatar reached $18.77 billion in the fiscal year ending March 2023. A significant portion of this trade came from India’s liquefied natural gas (LNG) imports, with Qatar supplying more than 48% of India’s LNG needs.

    Qatar pledges $10 Billion, Expanding Energy Cooperation and Currency Settlement

    Energy remains a crucial component of the partnership, with both nations planning to enhance collaboration in energy infrastructure and investments. Discussions also included the possibility of settling bilateral trade in their respective currencies, which could further strengthen economic ties.

    Qatar’s investment signals deeper engagement between the two countries, fostering economic growth and collaboration across multiple sectors.

    With inputs from Reuters

    Author

    • Aditya Lenka
      Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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    Aditya Lenka
    Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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