ENA Global 2025-02-19 13:55:14 <p><span style="font-size:14px"><strong>New Delhi, Feb 19 (KNN) </strong>India and Qatar have elevated their bilateral relationship to a strategic partnership following high-level talks between Indian Prime Minister Narendra Modi and Qatar's Amir Sheikh Tamim bin Hamad Al-Thani.</span></p> <p><span style="font-size:14px">The landmark meeting yielded significant economic commitments, with Qatar pledging a USD 10 billion investment in India and announcing plans to establish a Qatar Investment Authority office in the country.</span></p> <p><span style="font-size:14px">The leaders outlined ambitious plans to double their current bilateral trade of USD 14 billion within the next five years. The summit resulted in seven agreements, including a revised double taxation avoidance agreement and enhanced financial cooperation.</span></p> <p><span style="font-size:14px">Both nations agreed to expedite negotiations for a bilateral investment treaty, marking India's fifth strategic partnership with a Gulf Cooperation Council member, alongside existing agreements with the UAE, Saudi Arabia, Oman, and Kuwait.</span></p> <p><span style="font-size:14px">They also agreed to enhance collaboration in intelligence sharing, cybersecurity, anti-money laundering, and transnational crime prevention. The leaders also discussed strengthening measures against the use of cyberspace for terrorism and radicalisation.</span></p> <p><span style="font-size:14px">On the economic front, Qatar expressed interest in exploring investment opportunities across various Indian sectors, including infrastructure, technology, manufacturing, food security, and hospitality.</span></p> <p><span style="font-size:14px">India acknowledged Qatar's emergence as a regional hub for goods and services, citing its strategic location and business-friendly policies.</span></p> <p><span style="font-size:14px">The nations also agreed to establish Joint Ministerial Commissions, implement India's UPI payment system in Qatar, and extend e-Visa facilities for Qatari nationals.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41122 https://knnindia.co.in/news/newsdetails/global/qatar-pledges-usd-10-bn-investment-in-india-in-infrastructure-technology-manufacturing-food-security-and-hospitality 2025-02-19 13:55:14 knnindia.co.in