India, Qatar Sign MoUs to Boost Business and Energy Trade

At the India-Qatar Business Forum in New Delhi, Commerce and Industry Minister Piyush Goyal highlighted the growing energy trade and the need to transition to new-age technologies.  

India and Qatar signed MoUs to enhance business cooperation, with agreements between the Confederation of Indian Industry (CII), Qatari Businessmen Association (QBA), and Invest India and Invest Qatar.  

In 2023, India’s exports to Qatar totalled $1.82 billion, led by rice worth $154 million, while Qatar’s exports to India reached $12.9 billion, dominated by petroleum gas worth $9.71 billion.

Goyal invited Qatari companies to invest in India’s manufacturing, renewable energy, and infrastructure sectors, emphasising the synergy between Qatar Vision 2030 and India’s Viksit Bharat 2047 for mutual prosperity.  

Qatar’s Amir Sheikh Tamim Bin Hamad Al-Thani arrived in India on 17th February for a two-day visit, marking his second state visit after March 2015.

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