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Business / Qatar Business

Indian trade team explores cooperation with Qatari firms

Published: 26 Sep 2018 - 02:31 am | Last Updated: 02 Nov 2021 - 03:43 am
Qatar Chamber Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari (fourth left) with Triviyan K Kalra (centre), CEO of K-flex India Co; P Kumaran (fourth right), Ambassador of India to Qatar, and other Qatar Chamber and Indian officials.

Qatar Chamber Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari (fourth left) with Triviyan K Kalra (centre), CEO of K-flex India Co; P Kumaran (fourth right), Ambassador of India to Qatar, and other Qatar Chamber and Indian officials.

The Peninsula

DOHA: Qatar Chamber (QC) yesterday hosted a large Indian trade delegation headed by CEO of K-flex India Co, Triviyan K Kalra. Addressing the event, Qatar Chamber Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari said that the State of Qatar and India enjoy strong economic relationship, noting that India is an important trade partner to Qatar.

“It is the third largest export destination for Qatari products. Both countries trade volume reached last year more than $10bn,” he added.

The meeting was attended by QC’s Second Vic-Chairman Rashid bin Hamad Al Athba and P Kumaran, Ambassador of India to the State of Qatar.

Al Kuwari pointed out that a total of 24 fully owned Indian companies and an estimated 6,000 Qatar-India joint ventures operate in various sectors of the Qatari economy including infrastructure, information and communication technology, energy and other areas to the mutual benefit of both sides. Qatar-India cooperation covers all areas not only economic fields. The year 2019 will be celebrated as the Qatar-India Year of Culture, he said.

Qatar’s economy is open and welcomes all world investors and there are a host of investment incentives that draw foreign investments, he added.

He noted that India has huge potentials and there are lots of investment opportunities for Qatari businessmen in all sectors.

For his part Kalra noted that India is full of trade opportunities that attract Qatari investors, saying that both countries’ trade exchange significantly increased and developed and it is highly skewed in favour of Qatar. He called on Qatari businessmen to visit India to find out cooperation opportunities with their Indian counterparts in hydrocarbon, tourism, IT and other sectors.

“India has an abundant supply of technical manpower for health sector, where Qatar can utilize this talent to set up super-specialty hospitals,” he added.