28/02/2025
The Qatar Investment Authority will open an office in India, according to a statement released after a bilateral meeting between Amir Sheikh Tamim bin Hamad Al-Thani and Prime Minister Narendra Modi in New Delhi on Tuesday. The Qatari leader is on a two-day visit to the South Asian country, his first in a decade.
The Government of India and the State of Qatar have signed several agreements related to bilateral strategic partnership and a revised Double Taxation Agreement. The two countries also agreed to expedite negotiations on a bilateral investment treaty between India and Qatar.
Qatar has already invested in India by acquiring stakes in companies such as retailer Reliance Industries Ltd. and the power distribution unit of the Adani Group. According to the Indian Ministry of External Affairs, it is also the largest supplier of liquefied natural gas to the South Asian country. The joint statement did not specify a time frame for inward investment.