India-Qatar Relations: India and Qatar on Tuesday (February 18, 2025) decided to extend their relations to the level of strategic partnership. In the presence of Prime Minister Narendra Modi and Qatar’s Amir Sheikh Tamim bin Hamad Al Thani, the agreement was signed for a strategic partnership between the two countries at Hyderabad House in Delhi.
Along with this, the two countries also signed the revised agreement to avoid tax related double taxation on income and prevention of fiscal theft. Documents were exchanged in the presence of Prime Minister Narendra Modi and Qatar’s Amir Sheikh Tamim bin Hamad Al Thani. The Ministry of External Affairs had earlier said that his visit will give more momentum to our growing versatile partnership.
Bilateral conversation between PM Modi and Amir Sheikh Tamim bin Hamad Al Thani
Prime Minister Modi and Qatar’s Amir interacted on many bilateral issues at Hyderabad House. Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jasim Al Sani and External Affairs Minister S Jaishankar exchanged the agreement.
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 both countries need to carry forward the boundaries to further strengthen investment and industrial cooperation.
These things are done between India and Qatar
During April 2000 to September 2024, India has received a FDI of $ 1.5 billion from Qatar (FDI). Bilateral trade in India and Qatar has come down from $ 18.77 billion in 2022-23 to $ 14 billion in 2023-24. The major exports made by Qatar to India include LNG, LPG, Chemicals and Petrolian, plastic and aluminum products, while India’s major exports include grains, copper products, iron and steel products, vegetables, fruits, spices, Processed food products, electrical and other machinery, plastic products, manufacturing materials, textiles and costumes, precious stones and rubber are included.
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Qatar is the largest supplier of LNG and LPG. Apart from this, India also imports ethylene, propose, ammonia, urea and polyethylene from Qatar. The business balance remains in the side of Qatar.
Also read: Qatar is the fifth richest country in the world, people here earn 27 times more than India