Thu. May 2nd, 2024

qatar: India, Qatar launch Start Up Bridge; Qatar to set up Chair on Indian studies-Share Market Daily

India and Qatar have launched A Start Up Bridge between Invest India and Invest Qatar to push start up sectors and an understanding has been reached to set up an ICCR Chair of Indian studies at Qatar University. India has assured of India’s assistance in meeting Qatar’s food security.

This assurance came during Vice President of India (HVPI) M Venkaiah Naidu’s ongoing visit to Doha. He is accompanied by a high-level delegation including Minister of State for Health and Family Welfare Dr. Bharati Pravin Pawar and three Members of Parliament, Sushil Kumar Modi, Vijay Pal Singh Tomar and P. Ravindhranath.

On Sunday morning, Naidu called on Father Amir Sheikh Hamad bin Khalifa Al Thani. Later, he met the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani. They agreed that high level engagement should be sustained, including through an early visit of Qatar’s Amir to India. Both sides also looked forward to the convening of the Joint Commission between the two sides at Foreign Minister level later this year. Both sides also agreed to promote bilateral parliamentary exchanges.

Both sides expressed strong commitment to further enhance bilateral trade and investment cooperation. Father Amir asked Naidu about sectors for more investment opportunities in India. Naidu invited the Qatari side to explore the significant opportunities in a range of sectors including infrastructure, connectivity both physical and digital, energy, defence and hospitality. Qatar side also invited Indian entities to look for opportunities in sectors like education, pharmaceuticals and healthcare in Qatar. Both sides discussed the impact of recent global developments on food and energy security. They renewed their long-term commitment to energy partnership.

Naidu also addressed an India-Qatar Business Forum jointly organized by FICCI, CII and ASSOCHAM, along with Qatar Chamber of Commerce and Industry. Leading businessmen from both India and Qatar participated in the Business Forum. Qatar’s FDI in India is in excess of $ 450 million and there is great potential for increasing these investments. Invest India and Investment Promotion Agency of Qatar have reached an understanding on cooperation to promote two-way investments between both countries.

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