New Delhi, Dec 3, 2016: India seeks investments from Qatar in infra, power sectors. India on Saturday sought investments from Qatar within the infrastructure and power sectors as the 2 sides signed 4 agreements, together with on visas and cyber safety.
India seeks investments from Qatar in infra, power sectors.
Throughout delegation-level talks right here led by Prime Minister Narendra Modi and his visiting Qatari counterpart Sheikh Abdullah bin Nasser bin Khalifa Al Thani, the 2 sides reviewed bilateral relations in depth, particularly on the follow-up of the essential selections taken throughout Modi’s go to to Qatar in June this 12 months.
Sources right here stated the 2 leaders mentioned cooperation in varied sectors and acknowledged that the present degree of commerce and funding was a lot beneath potential as India seeks investments from Qatar in infra, power sectors.
“Prime Minister Modi highlighted the great alternatives accessible for Qatari funding in India’s infrastructure and vitality sectors,” a supply mentioned.
“He outlined the varied measures taken by his authorities to open up the Indian economic system and welcome FDI.”
Modi and Al Thani additionally recognized civil aviation as a precedence sector for enhancing cooperation when India seeks investments from Qatar in infra, power sectors.
In accordance with the sources, Modi talked about that India imported eight million tonnes of urea per yr and mentioned that a long run association with Qatar for the availability of urea could be welcome.
India might additionally meet Qatari wants within the space of meals safety, he mentioned.
On his half, the Qatari Prime Minister invited India’s participation in infrastructure and funding alternatives arising forward of the FIFA World Cup in that Gulf nation in 2022 as India seeks investments from Qatar in infra, power sectors.
He additionally welcomed Indian funding within the port sector of Qatar.
“On vitality cooperation, Prime Minister Modi stated that we should always transcend the buyer-seller relationship to incorporate joint ventures, joint analysis and growth and joint exploration,” the supply stated.
Qatar is the most important provider of LNG to India, accounting for 66 % of the entire imports in 2015-16 when India seeks investments from Qatar in infra, power sectors.
Modi, it’s learnt, stated that Indian corporations had been able to put money into each upstream and downstream initiatives in Qatar within the hydrocarbon sector.
The 2 leaders mentioned enhancing cooperation in defence and safety, in cyber safety particularly, and agreed on joint motion to deal with cash laundering and terrorist financing.
The safety scenario in Iraq, Syria and Yemen additionally got here up for dialogue as India seeks investments from Qatar in infra, power sectors.
Photo Courtesy: defenceupdate.in