India, Qatar aim to double trade by 2030: Envoy
Doha
India and Qatar are on a fast track to deepen economic ties, with both nations aiming to double bilateral trade by 2030, Ambassador of India to Qatar HE Vipul has said.
'Bilateral trade between India and Qatar currently hovers around $14 billion, with India ranking among Qatar's top trading partners. While Qatar's exports of LNG, LPG, and petrochemicals primarily dominate the trade, India is actively boosting exports of value-added products, including electronics, household goods, food items, and manufactured products,' the Indian ambassador told Qatar Tribune on the sidelines of the launch of 'India Utsav' festival by Lulu Hypermarket to commemorate the 79th Indian Independence Day in Doha on Friday.
Ambassador Vipul noted that the trade imbalance is natural given India's energy needs, but stressed there are growing opportunities for Indian exports to Qatar.
He noted that Indian exports to Qatar, while currently small, are poised to grow, especially in value-added goods such as electronics, household products, and food products.
Investment is another priority, he said, adding that recent agreements include Qatari investments in India worth $10 billion and plans to open a Qatar Investment Authority office in India.
Both governments are facilitating high-level delegations, joint commission meetings, and sector-specific collaborations to strengthen trade and investment links, he said. The ambassador also highlighted progress in SMEs, technology, and start-ups, where Indian businesses increasingly engage with Qatari investors.
Ambassador Vipul also highlighted ongoing engagement between both governments and private sector entities. He mentioned upcoming joint commission meetings and high-level delegations as part of efforts to maintain momentum on trade and investment.
'It takes months and years to see tangible results, but the trajectory
is positive, and both sides are fully committed to achieving our targets,' he said.
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India, Qatar aim to double trade by 2030: Envoy
Satyendra Pathak Doha India and Qatar are on a fast track to deepen economic ties, with both nations aiming to double bilateral trade by 2030, Ambassador of India to Qatar HE Vipul has said. 'Bilateral trade between India and Qatar currently hovers around $14 billion, with India ranking among Qatar's top trading partners. While Qatar's exports of LNG, LPG, and petrochemicals primarily dominate the trade, India is actively boosting exports of value-added products, including electronics, household goods, food items, and manufactured products,' the Indian ambassador told Qatar Tribune on the sidelines of the launch of 'India Utsav' festival by Lulu Hypermarket to commemorate the 79th Indian Independence Day in Doha on Friday. Ambassador Vipul noted that the trade imbalance is natural given India's energy needs, but stressed there are growing opportunities for Indian exports to Qatar. He noted that Indian exports to Qatar, while currently small, are poised to grow, especially in value-added goods such as electronics, household products, and food products. Investment is another priority, he said, adding that recent agreements include Qatari investments in India worth $10 billion and plans to open a Qatar Investment Authority office in India. Both governments are facilitating high-level delegations, joint commission meetings, and sector-specific collaborations to strengthen trade and investment links, he said. The ambassador also highlighted progress in SMEs, technology, and start-ups, where Indian businesses increasingly engage with Qatari investors. Ambassador Vipul also highlighted ongoing engagement between both governments and private sector entities. He mentioned upcoming joint commission meetings and high-level delegations as part of efforts to maintain momentum on trade and investment. 'It takes months and years to see tangible results, but the trajectory is positive, and both sides are fully committed to achieving our targets,' he said.
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