On 5th June 2022, the â€œIndia-Qatar Start-Up bridgeâ€ was launched by Vice President M Venkaiah Naidu to link the start-up ecosystems of both countries at the India-Qatar Business Forum in Doha, Qatar. During this visit, the VP also met the Prime Minister as well as the Interior Minister of Qatar, Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani. The leaders reviewed the increasing bilateral ties between both nations in the areas of investment, trade, economic, and security cooperation.
What is the aim of the India-Qatar Start-up bridge?
This is a joint initiative that has been launched with the aim of linking both countriesâ€™ start-up ecosystems as well as helping the economies mutually. This recently launched initiative will be boosting the business sectors of both countries. This initiative was launched while the Vice President of India addressed the members of the business community at the India-Qatar Business Forum.
What is India-Qatar Business Forum?
This forum was jointly held by ASSOCHAM, FICCI, and CII, in collaboration with the Qatar Chamber of Commerce and Industry. This forum witnessed the participation of established and leading businessmen from both nations. This forum aims to form new networking opportunities for investment and trade in various sectors between both countries.
What is the trade situation between both countries?
The FDI of Qatar in India stands at USD 450 million. There is a huge potential to increase the FDI amount. Qatarâ€™s Investment Promotion Agency and Invest India have agreed to cooperate for promoting two-way investments between both nations. In the financial year 2021-22, the bilateral trade between India and Qatar crossed USD 15 billion. Also, Qatar has committed to invest more than USD 2 billion in various Indian companies in the past two years.