The $2.2tn Indian economy, which grows at more than 7.5%, offers a lot of investment opportunities to Qatar, said Indian ambassador P Kumaran.
This was conveyed at the recently held annual networking event organised by the Qatar Financial Center (QFC) and Indian Business and Professional Council (IBPC).
“India with a nominal gross domestic product of over $2tn (over $7tn on purchasing power parity basis) and growth rate of over 7.5% has emerged as the fastest growing large economy in the world. The Indian growth story has a lot to offer to Qatar in terms of investment opportunities, a well-trained and qualified workforce, a promising market and business partnerships, Kumaran said.
He stressed that the Indian embassy will continue to extend support to the QFC in its efforts to promote business and commercial linkages.
“Qatar and India have always enjoyed well-established bilateral ties, and the QFC will continue to support the thriving Indian business community in Qatar, which plays an active role in the continued development of these important relations,” said Yousuf Mohamed al-Jaida, QFC chief executive.
With 24 fully owned Indian companies operating in Qatar, and an estimated 6,000 Qatar-India joint ventures operating in the infrastructure, ICT, energy sector, and other fields, the contribution of Indian businesses to the local economy is undeniable, he said.
QFC is also home to 31 Indian businesses including Tech Mahindra, and more recently a fintech firm Goals101, as well as many others.
IBPC sees the QFC as its natural partner in Qatar to fulfil their vision of bringing as many Indian companies and investors to Qatar using the unique QFC platform, according said K M Varghese, president of IBPC.
Al-Jaida and Kumaran addressing the QFC-IBPC networking event.
