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India, Qatar forge strategic partnership, aim to double trade to nearly$30 bn by 2030

  • Qatar will invest $10 billion in India across multiple sectors after the visit of Sheikh Tamim bin Hamad Al-Thani to New Delhi, marking a ten-year gap since the last visit.
  • India and Qatar aim to double their annual trade to $28 billion over the next five years and are considering a free trade agreement, as noted by India's foreign ministry.
  • Indian Prime Minister Narendra Modi described his meeting with the Qatari Emir as 'very productive,' emphasizing the desire to diversify trade linkages.
  • Qatar's Commerce and Industry Minister Sheikh Faisal bin Thani bin Faisal Al Thani stated that India has become Qatar's third-largest trading partner and expressed readiness to expedite investment agreement negotiations.
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Gulf Times broke the news in Doha, Qatar on Monday, February 17, 2025.
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