- “Trade featured prominently in our talks,” says Modi.
- Bharat needs to diversify Bharat-Qatar industry linkages.
- Two international locations will attempt to double their annual industry to $28bn.
NEW DELHI: Qatar has dedicated to making an investment $10 billion in Bharat throughout numerous sectors, the 2 international locations mentioned in a joint commentary on Tuesday, nearest Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani visited Brandnew Delhi.
Indian Top Minister Narendra Modi mentioned he had a “very productive meeting” with Qatar’s Emir, who used to be on a two-day consult with to Brandnew Delhi.
“Trade featured prominently in our talks. We want to increase and diversify India-Qatar trade linkages,” Modi mentioned in a submit on X. It used to be the primary such consult with by means of a Qatari Emir to the South Asian crowd in 10 years.
In keeping with the commentary, Qatar will make investments $10 billion in Bharat in infrastructure, era, production, meals safety, logistics, hospitality and alternative sectors.
The 2 international locations will attempt to double their annual industry to $28 billion within the nearest 5 years and are exploring the signing of a sovereign industry guarantee, the Indian international ministry mentioned previous within the presen.
Bilateral industry between the 2 international locations stood at $18.77 billion within the fiscal month that led to March 2023, basically comprising liquefied herbal fuel imports from Qatar.
Qatar accounted for greater than 48% of Bharat’s LNG imports that month.
The 2 aspects mentioned they’d paintings to beef up bilateral power cooperation, together with mutual investments in power infrastructure, in addition to have a look at agreement of bilateral deal their respective currencies.
