Qatar Chamber (QC) hosted a large Indian trade delegation headed by CEO of K-flex India Co, Triviyan K Kalra. Addressing the event, Qatar Chamber Vice-Chairman Mohamed bin Ahmed bin Twar said that the State of Qatar and India enjoy strong economic relationship, noting that India is an important trade partner to Qatar.
“It is the third largest export destination for Qatari products. Both countries trade volume reached last year more than $10bn,” he added.
The meeting was attended by QC’s Second Vic-Chairman Rashid bin Hamad Al Athba and P Kumaran, Ambassador of India to the State of Qatar.
Twar pointed out that a total of 24 fully owned Indian companies and an estimated 6,000 Qatar-India joint ventures operate in various sectors of the Qatari economy including infrastructure, information and communication technology, energy and other areas to the mutual benefit of both sides. Qatar-India cooperation covers all areas not only economic fields. The year 2019 will be celebrated as the Qatar-India Year of Culture, he said.
Qatar’s economy is open and welcomes all world investors and there are a host of investment incentives that draw foreign investments, he added.
He noted that India has huge potentials and there are lots of investment opportunities for Qatari businessmen in all sectors.
For his part Kalra noted that India is full of trade opportunities that attract Qatari investors, saying that both countries’ trade exchange significantly increased and developed and it is highly skewed in favour of Qatar. He called on Qatari businessmen to visit India to find out cooperation opportunities with their Indian counterparts in hydrocarbon, tourism, IT and other sectors.
“India has an abundant supply of technical manpower for health sector, where Qatar can utilize this talent to set up super-specialty hospitals,” he added.
Indian ambassador to Qatar said that Qatar and India enjoy historic relationship and their cooperation relations cover all aspects.
Indian community in Qatar is the largest. It positively participate in the development projects being held in Qatar for infrastructure and for the 2022 World Cup, he said.
HE assured that Qatar has made great progress in labour and business legislations and laws. He stressed his country’s interest to boost cooperation between the Indian private sector and its Qatari counterpart.