2/18/2025–|Last update: 2/18/202507:54 PM (Mecca time)
On Tuesday, the Indian Foreign Ministry said that India and Qatar are aiming to double the volume of trade exchange to 28 billion dollars in the next five years, and they are aware of the signing of a free trade agreement.
The announcement came after talks between Indian Prime Minister Narendra Modi and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who is visiting New Delhi for two days.
An Indian Ministry of Foreign Affairs official told reporters that the two sides also discussed ways to enhance energy relations.
Qatar announced its intention to invest $ 10 billion in India, as well as the opening of its sovereign fund in it, as the two countries seek to deepen bilateral relations.
During Prince Tamim’s visit to India, the two parties signed several agreements related to the bilateral strategic partnership, and the agreement to avoid modified tax duplication.
They said – in a statement – that the two countries also agreed to accelerate negotiations on the bilateral investment treaty between India and Qatar.
Qatar has already invested in India to buy shares in companies including the retail project, and another specializing in the Energy Distribution Unit.
Qatar is the largest liquefied natural gas supplier to India, according to the Indian Ministry of Foreign Affairs.
