Last Updated:

VP Naidu Launches 'India-Qatar Start Up Bridge', Hails Economic Ties Between Both Nations

India & Qatar share a robust economic partnership, which is "enriched with each passing day," said VP Venkaiah Naidu at the India-Qatar Business Forum in Doha.

India

IMAGE: @VPSecretariat/Twitter


India and Qatar share a robust economic partnership, which is strengthened with "each passing day," said Vice President Venkaiah Naidu, on Sunday, during a business community summit in the Qatari capital city of Doha. Addressing the members of the India-Qatar Business Forum, he added the "mantra" outlined by Prime Minister Narendra Modi has helped eliminate hindrances and archaic laws in order to "reform, perform, and transform" bilateral ties and investment cooperation between both nations. It is pertinent to mention that Doha is the last leg of VP Naidu's three-nation trip that began with Gabon last Monday (June 1).  

"We have now a very robust India-Qatar economic partnership and it is getting enriched with each passing day. We have witnessed a steady increase in foreign direct investment from Qatar to India in recent years," VP Naidu said as per ANI.

The VP also added that the Qatar Investment Authority has flowed over investments with $2 billion in Indian companies in the past two years. He expressed confidence in the business convention, hoping it to be a platform leading to further "exchange of new ideas and creating new partnerships." He further stressed on the significance of the Joint Task Force established by the Joint Business Council and Business Chambers to mitigate investment-related difficulties and take "its work forward".

VP Naidu inaugurates India-Qatar Startup Bridge in Doha

Vice President Venkaiah Naidu on Sunday launched the India-Qatar Startup Bridge- an initiative to link the new businesses in both countries. The forum is expected to offer networking, trade, and investment opportunities to the start-up ecosystem between both sides. Qatar’s FDI in India is over USD 450 million and there is great potential for increasing these investments, the MEA noted.

VP holds 'positive' bilateral talks with Qatari dignitaries

Meanwhile, the Vice President called on Father Amir H.H Sheikh Hamad bin Khalifa Al Thani. Later, he met the Prime Minister and Minister of Interior H.E. Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani at Amiri Diwan. Minister of Public Health H.E. Dr. Hanan Mohammad Al Kuwari and Minister of State for Foreign Affairs H.E. Mr. Soltan bin Saad Al-Muraikhi were also present during the meeting. "Both sides positively assessed the developments in bilateral relations and agreed to further strengthen their historic friendship in all areas," the Ministry of External Affairs (MEA) said in a statement.

During the convention, VP Naidu reiterated the high importance attached by India to close and friendly relations with Qatar and the commitment to deepen multifaceted bilateral cooperation in trade, investment, energy, food security, defence, technology, culture, education, health, media and people to people contacts. He also thanked the Qatari leadership for "taking great care" of the Indian diaspora. "Both sides expressed commitment to further enhance bilateral trade and investment cooperation," MEA said.

(Image: @VPSecretariat/Twitter)

First Published: