India-Qatar to Double Trade to $28B by 2030
India and Qatar have decided to upgrade their bilateral relations to a strategic partnership, strengthening cooperation in trade, investment, and energy. This decision was taken during the two-day visit of Qatari Amir Sheikh Tamim Bin Hamad Al Thani to India. Both nations aim to double bilateral trade from the current $14.08 billion to $28 billion over the next five years. Additionally, Qatar has expressed interest in expanding investments in India’s key sectors.
Watch: Daily Current Affairs
The Qatar Investment Authority (QIA) has already invested $1.5 billion in India across sectors such as,
Areas identified for further Qatari investment include,
Agreements on,
Talks included key geopolitical issues such as,
| Summary/Static | Details |
| Why in the news? | India-Qatar to Double Trade to $28B by 2030 |
| Bilateral Trade & Investment | Aim to double trade from $14.08 billion to $28 billion in five years. |
| Qatar’s Investment in India | QIA invested $1.5 billion in retail, IT, education, healthcare, etc. Plans to expand in infrastructure, ports, AI, renewable energy, food parks, and startups. |
| Agreements Signed | Revised DTAA, MoUs on economic partnership, archives & documentation, youth affairs & sports. Invest India signed an MoU with its Qatari counterpart. |
| Free Trade Agreement (FTA) | India exploring FTA with Qatar and negotiating an FTA with GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE). |
| Indians in Qatari Prisons | 600 Indians jailed in Qatar. Eight ex-Navy personnel convicted, seven returned, one still in Qatar. 85 pardons granted in 2023. Prisoner transfer agreement pending. |
| Global & Regional Discussions | War in Gaza, Afghanistan situation, and other global issues discussed. |
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