India, Qatar ink MoUs to strengthen economic ties

On the sidelines of the visit of the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, to India, the two nations signed two Memorandums of Understanding (MoUs) to enhance business and investment collaboration. The MoUs were signed in the presence of Union Commerce and Industry Minister Piyush Goyal and his Qatari counterpart, Sheikh Faisal bin Thani bin Faisal Al Thani, in New Delhi yesterday. The agreements were exchanged between the Qatari Businessmen Association and the Confederation of Indian Industry (CII), as well as between Invest Qatar and Invest India.

Addressing the India-Qatar Business Forum, Mr. Goyal highlighted that the future India-Qatar partnership will rest on the pillars of sustainability, technology, entrepreneurship, and



energy.

The minister added that the nature of trade and business is witnessing transformative changes, evolving from energy trade to emerging technologies like artificial intelligence, the Internet of Things (IoT), quantum conducting, and semiconductors. Highlighting the investment opportunities in the country, Mr. Goyal said reforms in every sphere of business have facilitated ease of doing business.

He said, India today provides an oasis of stability, predictability, and continuity. He said that business collaboration between the two nations can help create synergy between the vision of Viksit Bharat 2047 and Qatar National Vision 2030 to bring greater prosperity to people.