India became the third largest business partner in Qatar, import -export of these goods between the two countries – India tv hindi

Queue On Tuesday, he said that he is ready to take steps to accelerate the talks for the new bilateral investment promotion and protection agreement with India. Qatar’s Commerce and Industry Minister Sheikh Faisal bin Thani bin Faisal al Thani said that India has become its third largest business partner. He said that the businesses of the two countries need to carry forward the boundaries to further strengthen investment and industrial cooperation. At the Bharat Qatar Business Forum Conference of the Federation of Industries Indian Industry (CII), Faisal al Thani said, “We have modernized our investment system.” We invite Indian investors and entrepreneurs to find out the real ability of Qatar’s economy. We are ready to take steps towards intensifying negotiations for a new bilateral investment promotion and protection agreement. Qatar’s Commerce Minister has come here with a business delegation. He is with Qatar’s Amir Sheikh Tamim bin Hamad al-Thani, who arrived here on a two-day journey yesterday.

Learn what is import and export?

During April 2000 to September 2024, India received a $ 1.5 billion FDI (FDI) from Qatar. Bilateral trade in India and Qatar has come down from $ 18.77 billion in 2022-23 to $ 14 billion in 2023-24. Major exports made by Qatar to India include LNG, LPG, chemicals and petrochemicals, plastic and aluminum products, while India’s major exports include grain, copper products, iron and steel products, vegetables, fruits, spices, processed foods Products, electrical and other machinery, plastic products, manufacturing materials, textiles and costumes, chemicals, precious stones and rubber are included. Qatar is the largest supplier of LNG and LPG. In addition, India also imports ethylene, propose, ammonia, urea and polyethylene from Qatar. The business balance remains in the side of Qatar.

Need to further promote business: Goyal

On this occasion, Commerce and Industry Minister Piyush Goyal said that in the last few years we have seen inclination towards energy trade between the two countries and there is a need to promote the trade of other products. He said, “Now we are looking towards a new future, where we will move away from making energy the basis of our business to new era technologies, whether it is artificial merit (AI), ‘Internet of Things’ (IOT ) Be it quantum computing or semiconductor. ” Goyal said that the change of trade relations between the two countries would be based on three pillars- stability, entrepreneurship and energy. He also invited Qatar’s businesses to find opportunities for investment in India. Two consent letters (MoUs) were signed in the program. One of these industry organizations CII (Confederation of Indian Industry) and QBA (Qatar Business Association) and the other between ‘Invest Qatar’ and ‘Invest India’ took place. The minister told that by setting up an office in ‘Gift’ City of Qatar National Bank Gujarat

India has adequate foreign exchange reserves

Is expanding its presence in India. When asked about the possibility of a trade agreement with Qatar, Goyal said, “There is always every kind of discussion. We are discussing with the GCC (Gulf Cooperation Council) for the Free Trade Agreement (FTA). Often many countries of GCC have also discussed to make bilateral agreements with India. We are open for both. ” The six member countries of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). India already has an FTA with UAE. The negotiation for a similar agreement with Oman is in the final stages. On the devaluation of the rupee, Goyal said that India’s currency is performing well in the emerging markets. He said, “India’s foreign exchange reserves are sufficient. So there is nothing to worry about. ”

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