In February, India and Qatar upgraded their bilateral ties to a strategic partnership with an emphasis on investments, trade, and energy
Both countries agreed on significant economic cooperation and set a goal to double bilateral trade to $30 billion by 2030.
Deeksha Upadhyay20 February 2025 09:26
(Image Source: DD)
Principal Findings of the 2025 India-Qatar Summit
A strategic partnership agreement strengthens ties in innovation, trade, investment and security.
Trade Growth – a commitment to double bilateral trade, from $14 billion to $30 billion, by 2030.
Energy Cooperation: In 2028, Qatar Energy signed a 20-year LNG supply deal with Petronet LNG.
Invest in India: Qatar Investment Authority said it would invest $10 billion in green energy, startups and infrastructure in India.
Financial and digital integration: Qatar launches UPI and signs revised Double Taxation Avoidance Agreement
Principal Aspects of India-Qatar Collaboration
Exchange and Investment: FY 2023–2024 Qatar is India’s largest supplier of LPG (4. 92 MMT) and LNG (10. 91 MMT). New agreements to boost Qatari investments in technology, shipbuilding, ports, and smart cities, and boost Indian exports.
Energy security: Long-term LNG supply agreement (2028–2028) provides stability for India’s energy industry; renewable energy cooperation in solar energy, green hydrogen, and AI-powered energy efficiency.
Science & Technology: Collaboration on next-generation industrial development in robotics, semiconductors, AI, IoT. Web Summits in Doha (2024–25) will highlight Indian startups.
Financial Links & Digital Payments Qatar is rolling out UPI across the country for seamless cross-border transactions. The Qatar Investment Authority (QIA) opened an office in India to deepen economic ties.
People to People: Majority of the expatriate workforce in Qatar - 830, 000 Indians -Enhanced cooperation through MoUs in the fields of sports, culture, education and youth issues.
Safety and anti-terrorism Cooperation on cyber-crime and transnational crimes, anti-money laundering, and intelligence sharing. Commitment to strengthening security relations and countering transnational terrorism.
