QFC holds roadshows in Mumbai and Bengaluru to attract more FDI

Qatar Financial Center (QFC) has kick-started its 2016 Asia outreach, starting with two roadshows in Mumbai and Bengaluru as part of efforts to strengthen bilateral and economic relations between Qatar and India and attract more foreign direct investments.
Senior representation from QFC Authority (QFCA) have concluded a series of panel discussions with a number of Indian corporations in both the cities of India, which is one of the fastest growing economies in the Asian region.
“We are welcoming a growing number of Indian firms to the Qatar business community and provide them through the QFC platform with the opportunity to benefit from a wide range of attractive advantages, including a fast-growing economy, a strategic regional location, a transparent legal and regulatory environment, and a compelling tax regime,” Kamal Nagi, QFCA chief strategy and business development officer, informed India Inc.
Indian businesses attending the high level events had the opportunity to discuss the outlook for investment in Qatar and the Middle East, and explore how the QFC supports companies expanding globally. As Indian corporates and other business enterprises look to expand to new markets and propel their regional and global growth, the QFC offers ease of set up and the benefit of 100% ownership, plus enabling businesses to be fully onshore and deal in any currency whilst being geographically centrally placed between East and West, a QFC spokesman said.
The QFC Asia Roadshow comes as part of QFC’s underlying mission to diversify Qatar’s economy and transform the nation into a leading business and financial hub in line with the Qatar National Vision 2030. The conferences in Mumbai and Bengaluru were the first stops in QFC’s Asia Roadshow.
“As we get ready to relocate to Doha’s new financial city, we continue to encourage international firms to join us and be part of Qatar’s successful growth story,” Nagi said in the presence of Akshay Randeva, director of Business Intelligence at QFCA.
Early last year, QFC chief administration officer Fahad Zainal had said in Malaysia it was eyeing more financial and non-regulated firms from Asia and South East Asia, as part of its strategic move to tap the promising markets.