Qatar Announces $10 Billion Investment in India

The State of Qatar has publicly commited to invest $10 billion in India. This is meant to improve relations between the two countries. During his two-day state visit to India, Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, promised to make this investment.

Qatar Announces $10 Billion Investment in India
Credit: ZAWYA

During the trip, the Emir met with Narendra Modi, the Prime Minister of India, at Hyderabad House and had a conversation with him. The two leaders decided to work together more on trade, investment, energy, technology, innovation, and sustainability, among other things.

Qatar also announced that it would open an office in India for its sovereign wealth fund, the Qatar Investment Authority (QIA). This plan is meant to improve energy relations between the two countries by focusing on encouraging trade and investments in energy infrastructure.

It was during this time that a number of important agreements were signed, such as the Revised Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and its Protocol. The two countries also agreed to speed up talks on the India-Qatar Bilateral Investment Treaty.

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