Qatari business seeks to step up economic engagement with India

Qatar is seeking to step up its economic engagement with India. This was highlighted at the India - Qatar Business forum organized by the Confederation of Indian Industry here today.

Speaking at the session, E M S Natchiappan, Minister of State for Commerce and Industry stated that India was embarking on a major infrastructure development program and welcomed investment from Qatar in that sector. He also mentioned that India was developing several industrial corridors in the country and these projects present a myriad of opportunities for investment by Qatari business. The Minister spoke of the role that Indian nationals were playing in Qatar in creating a positive image of India.

In his address, Sultan bin Rashid Al Khatir, Under Secretary, Ministry of Economy and Commerce, Government of Qatar & Leader of the Qatari Delegation stated that Qatar was seeking Indian investment as the country proceeded on its privatization process. He also spoke about the synergies that the two countries have in the field of infrastructure. He called from businesses from both countries to leverage these commonalities and strengthen infrastructure in both countries.

Earlier, Anil Wadhwa, Secretary (East), Ministry of External Affairs stated that the volume and composition of bilateral trade between the two countries is not commensurate with its potential. He called for the two countries to step up their engagement in the energy sector. He felt that the two countries could also develop joint projects in third countries as well. Wadhwa also spoke about the opportunity presented by forthcoming FIFA World Cup in Qatar in 2022 and mentioned that Indian companies would be ready and willing to help Qatar develop the necessary infrastructure for the successful organization of this prestigious tournament.

Earlier, welcoming the delegates, K K M Kutty, Chairman, CII Committee of Gulf, Middle East, & North Africa & Chairman, South West Group stated that the Qatar could consider exploring opportunities for collaboration with Indian companies in various projects in the hydrocarbons sector – both upstream and downstream.

A high level 15 member Qatari delegation and about 40 senior representatives from Indian Industry participated at the event.   Senior officials from the Government of India including those from the Ministry of External Affairs, Ministry of Commerce and Industry and Ministry of Finance participated at the event. The Ambassador of India to Qatar and the Ambassador of Qatar to India also participated at the Forum.