Vice President M Venkaiah Naidu on Sunday said that India has a very robust economic partnership with Qatar and it is getting enriched with each passing day.
Addressing the members of the business community at India-Qatar Business Forum in Doha, Qatar, the Vice President said, "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. Qatar Investment Authority has committed investments of over USD 2 billion in Indian companies in the last two years. This augurs well for future growth."
Naidu said that the mantra given by the Prime Minister of India 'reform, perform, transform' has resulted in removing bottlenecks and archaic laws and procedures.
"The Indian Government did not stop functioning during the COVID-19 pandemic, and in 2021, India eliminated more than 25 thousand compliances," he said at the Business Forum of India and Qatar.
Nadda further said that India has also deregulated many futuristic sectors like Drones, Space, and Geo-spatial mapping. India has made significant reforms in the telecom regulations.
Stating that India is committed to becoming a trusted partner for the world in global supply chains, Nadda said, "We are making way for free-trade agreements."
At the business event, Naidu further said, "I am confident that the business round-table meeting today has led to an exchange of new ideas and creating new partnerships. Your business interests are complemented by a robust political partnership between the leadership of India and Qatar."
The Vice President said that the Joint Business Council between Business Chambers of both sides has been established and that a Joint Task Force on Investments would take its work forward.
"Today morning, my meetings with the Qatari leadership focused on building an enabling environment in which businesses from both sides come together and forge collaborations for mutual benefit. I am glad that the Joint Business Council between Business Chambers of both sides has been established and that a Joint Task Force on Investments would take its work forward," he added.
Nadda hailed that the Start-up Bridge launched today would link up our innovation and incubation systems.
"It is heartening that Invest India and Qatar Investment Promotion Agency have entered into a partnership of guiding and assisting businesses on both sides to tap new and emerging opportunities. The Start-up Bridge launched today would link up our innovation and incubation systems. All this augurs well, not only for both countries and our people but also for the world and the planet as a whole," he said.
Earlier today the Vice President called on Sheikh Hamad bin Khalifa Al Thani, Father of Amir of Qatar and then he held delegation-level talks with Sheikh Khalid bin Abdulaziz Al Thani, the Prime Minister and Minister of Interior of Qatar.
Mentioning that Qatar is not just among the countries with the highest per capita income; but also the top gas supplier to the world, the Vice President said that he was deeply impressed with the strides being made by Qatar in its development journey.
During this visit, the Vice President is being accompanied by Dr Bharati Pravin Pawar, Minister of State for Health and Family Welfare, Sushil Kumar Modi, Member of Parliament, Vijay Pal Singh Tomar, Member of Parliament, P. Raveendranath, Member of Parliament and senior officials from the Vice President's Secretariat and the Ministry of External Affairs.
( With inputs from ANI )
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