
India, Qatar elevate ties to strategic partnership, eye doubling trade in next five years
New Indian ExpressNEW DELHI: India and Qatar elevated their relationship to a strategic partnership on Tuesday, agreeing to double their annual trade from USD 14 billion in five years and focusing on enhancing cooperation in energy, investments and the technology sector following discussions between Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim bin Hamad Al-Thani. Both sides have agreed to set a target to double this in the next five years,” said Arun Chatterjee, Secretary in the Ministry of External Affairs. Qatar is also a major investor in India, with the Qatar Investment Authority holding around US $1.5 billion in foreign direct investment across sectors like retail, power, IT, education, healthcare, and affordable housing. “Both leaders today identified a number of areas in which the Qatar Investment Authority can increase investments in India.
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