Over 15,000 Indian businesses registered in Qatar
The Vice President M. Venkaiah Naidu has called for further enriching the robust partnership with Qatar and diversifying the trade basket which is currently dominated by energy products.
He invited Qatar, as India’s trusted partner in its energy security, to be a partner in this journey for sustainability and join the International Solar Alliance (ISA) which is focused on increasing the uses of renewable energy.
Addressing the Qatari businesspersons during the India-Qatar Business Forum in Doha on 6 June, Naidu expressed happiness that India-Qatar has touched a new milestone of US$15 billion trade in 2021-22.
He also noted that there has been a steady increase in the number of registered Indian businesses in Qatar which has crossed 15,000.
On this occasion, the Vice President launched the “India-Qatar Start Up bridge” that aims to link the start-up ecosystems of the two countries.
Underlining that India has been fostering an environment of innovation, he pointed out that India is home to 100 unicorns with a total valuation of over US$300 billion, out of over 70,000 registered Startups.
Naidu expressed happiness that a Joint Business Council between Business Chambers of India and Qatar has been established and that a Joint Task Force on Investments would take its work forward.
He also complimented Invest India and Qatar Investment Promotion Agency for entering into a partnership of guiding and assisting businesses on both sides to tap new and emerging opportunities.
Naidu visited the Qatar Foundation, a non-profit organization in Qatar, and appreciated Qatar Foundation’s efforts in education, health, science & technology and community development. fiinews.com
