Qatar has pledged to invest $10 billion in India, targeting infrastructure, technology and manufacturing sectors.
The two countries have elevated their relationship to a Strategic Partnership, formalised through a signed agreement. They have set a target to double bilateral trade to $28 billion over the next five years and are exploring a bilateral Comprehensive Economic Partnership Agreement to enhance market access and diversify trade.
As part of the investment initiative, the Qatar Investment Authority (QIA) will establish an office in India to facilitate and manage the planned investments.
Both nations have agreed to deepen energy cooperation, focusing on mutual investments and trade in energy infrastructure. Additionally, they signed a Revised Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, aiming to create a more favourable environment for cross-border investments.
To support these initiatives, India and Qatar will establish two Joint Ministerial Commissions at the Foreign Ministers and Ministers of Commerce and Industry levels.
