Invest Qatar and Invest India have signed an agreement to strengthen the bilateral investment relationship and foster economic collaboration between Qatar and India.
The strategic partnership was announced by Invest Qatar and the National Investment Promotion & Facilitation Agency of India (Invest India) in New Delhi on the sidelines of the official visit of His Highness the Amir, Sheikh Tamim bin Hamad al-Thani to India.
A memoranda of understanding (MoU) signed in this regard has set the foundation for enhanced co-operation in investment facilitation. It also enables the exchange of knowledge, insights and best practices on investment regulations and processes in both countries.
According to the terms of agreement, Invest Qatar will work closely with Invest India to enable mutual support in business setup, stakeholder engagement and aftercare services.
Additionally, the partnership establishes a framework for joint initiatives, including training programmes, business events and conferences, further strengthening the connection between Qatari and Indian businesses.
The agreement was signed by Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar and Nivruti Rai, Managing Director and CEO of Invest India.
Commenting on the new partnership, Sheikh Ali said: “We are pleased to join efforts with Invest India toward deepening our economic collaboration. India has long been a key trade and investment partner for Qatar, and through these agreements, we aim to unlock new opportunities that will drive sustainable growth in both economies.
“By fostering stronger connections between our business communities and streamlining investment facilitation, we reinforce Qatar’s commitment to positioning itself as a global investment hub aligned with the Qatar National Vision 2030.”
Nivruti Rai said: “India is one of Qatar’s significant investment partners, with over 50 years of collaboration across key sectors, such as renewable energy, metals and IT services.
During the Joint Working Group meeting in Doha last year, both countries identified high-potential industries, including pharmaceuticals, food processing, infrastructure, technology, smart cities, and advanced manufacturing.
“We are looking forward to a fruitful relationship with Invest Qatar to drive each other’s national priorities, such as the recently announced commitment from Qatar to invest $10bn in India.”