India and Qatar inked six agreements, including one on transfer of sentenced prisoners, as the visiting Emir of Qatar Tamim Bin Hamad Al Thani held talks with Prime MinisterNarendra Modi here on Wednesday.
“We want Indian companies to work with us on vital projects in areas such as health, infrastructure, IT and tourism,” said Qatar’s Economy & Commerce Minister Sheikh Ahmed bin Jassim at the Qatar-India economic forum jointly organized by CII and the Qatar Chamber of Commerce & Industry. The three key areas where Qatar could invest in India include railways, defense production and infrastructure development, Wadhwa said. With India develops industrial corridors in several parts of the country, Qatar could consider investing in some of these projects, he said. The development of LNG terminals also provides an opportunity for investment by Qatar.
The Emir is accompanied by a high-level delegation comprising ministers, senior officials and captains of industry. He arrived in Delhi on Tuesday night from Colombo. He was earlier in Islamabad. Through the Qatar Investment Authority, he holds significant stakes in such blue-chip corporations as Harrods, Barclays and Sainsbury; he also owns the famed Paris Saint-Germaine Football Club, and controversially won the right to host the 2022 football World Cup.
Around 600,000 Indian nationals work in Qatar, comprising the largest expatriate community in Qatar. Qatar is also the largest source of India’s LNG imports, at 86 percent. Bilateral trade stands at USD 16 billion, heavily weighted in favor of Qatar due to India’s LNG imports.