New Delhi: The first meeting of the joint working group on investment between Qatar and India was held in New Delhi, aiming to enhance investment relations between the two nations. Co-chaired by HE Mohammed bin Hassan Al Maliki, Undersecretary of the Ministry of Commerce and Industry of Qatar, and HE Ajay Seth, Undersecretary of the Department of Economic Affairs at the Ministry of Finance of India, the meeting was attended by several government officials from both countries.

HE Al Maliki highlighted that trade between Qatar and India reached USD 13.46 billion in 2023, establishing India as Qatar's second-largest trading partner. He emphasized Qatar's commitment to economic diversification, a key aspect of Qatar National Vision 2030, and identified promising sectors for partnership and bilateral investment, including industry, logistics, IT, digital and financial services, health, and education.

The joint working group aims to build a strategic roadmap to boost economic and investment interaction, focusing on long-term cooperation in priority sectors. The group will support startups, innovators, and companies to leverage opportunities like "Made in India" and "Made in Qatar," and streamline investment procedures to bolster investor confidence. Both countries are optimistic that these efforts will lead to increased mutual investments and greater prosperity.