Commerce and Industry Minister Piyush Goyal has welcomed the growing energy trade with the West Asian country while noting that the goal is to transition to new-age technologies forming the bulwark of trade.
The minister added that India and Qatar have elevated their Joint Working Group on trade to the ministerial level, at a forum where his counterpart from Qatar, Sheikh Faisal bin Thani bin Faisal Al-Thani, was also present.Memorandum of understanding (MoUs) have been signed between the Confederation of Indian Industry (CII) and the Qatari Businessmen Association (QBA), and between Invest India and Invest Qatar, with the aim of expanding mutual cooperation in business.
While Goyal invited companies from Qatar to be a part of India’s journey of growth in investments, manufacturing, renewable energy, and infrastructure, he added that the synergy of Qatar Vision 2030 and India’s Viksit Bharat 2047 can create prosperity for people in both countries.
In 2023, rice worth $154 million was the top exported commodity from India to Qatar, and total exports from India to Qatar were worth $1.82 billion. In the same year, Qatar’s total exports to India were recorded at $12.9 billion, with petroleum gas worth $9.71 billion topping the list of exported commodities.
(Edited by : Anand Singha)
