The Vice President praises the economic ties between India and Qatar

Vice President of India praises India-Qatar economic ties and urges the creation of an enabling environment and greater collaborative efforts for mutual gain.

Vice President launched the “India-Qatar Start-Up bridge” that aims to link the start-up ecosystems of the two countries. Underlining that India has been fostering an environment of innovation, he noted that India has emerged as the 3rd largest ecosystem for startups globally, with over 70,000 registered Startups. India is home to 100 unicorns with a total valuation of over US$ 300 billion.

India-Qatar has touched a new milestone of US$ 15 billion in 2021-22 and noted that there has been a steady increase in the number of registered Indian businesses in Qatar which has crossed 15,000.

Information About India-Qatar Relationship

👉 Indian and Qatari diplomatic relations were established in 1973. Five Memorandums of Understanding (MoUs) including cooperation in various fields were signed during Emir Tamim bin Hamad al-visit Thani’s in March 2015.

👉 In April 1999, May 2005, and April 2012, Qatar’s Emir Hamad bin Khalifa al Thani paid diplomatic trips to India.

👉 Prime Minister Narendra Modi landed in Doha on June 4, 2016, for a two-day visit aimed at reinvigorating economic ties, particularly in the petroleum industry.

👉 Za’ir-Al-Bahr: Za’ir-Al-Bahr (Roar of the Sea) is a joint exercise between the Emiri Navy of Qatar and the Indian Navy. Its first edition took place in Doha from the 17th to the 21st of November 2019. This year’s Bilateral Maritime Exercise between the two navies will deepen the two nations’ strong defense cooperation, particularly in the fight against terrorism, maritime piracy, and maritime security.