India and Qatar aimed at $ 28 billion trade by 2029, raise relationships for strategic alliance – First Post

Prime Minister Narendra Modi held bilateral talks with Qatar Amir Sheikh Tamim bin Hamad al -Way on Tuesday
Trade.

Both sides agreed to double bilateral trade over the next five years and announced that they would double their relationship with US $ 28 billion
Strategy.

Earlier today, my brother H.H. Under its leadership, Qatar measures new heights of progress. He has also promised a strong India-cousin friendship. This visit is even more special because we… pic.twitter.com/xqxm7zks6n

– Narendra Modi (AR Arendramodi) February 18, 2025

The two countries signed two contracts in the presence of Modi and Amir. The first was established a strategic partner and also signed a revised dual tax avoidance agreement.

India also signed India and Five Memorandums to strengthen economic alliance, manage archives and accelerate relationships in youth affairs and sports.

Trade was mainly featured in our negotiations. We want to increase and diversify the Indo-Cinema trade connections. Our countries can work closely in fields such as energy, technology, health, food processing, pharma and green hydrogen.@Tamimbinhamad pic.twitter.com/7wamuhranh

– Narendra Modi (AR Arendramodi) February 18, 2025

The strategic joint venture actually elevates the current position of the bilateral relationship to a strategy. “We are looking at the deepening of cooperation in the trade sectors, energy security, as well as regional and international theaters,” said Arun Kumar Chatterjee, Secretary of the Ministry of Light Affairs, after the talks.

Chatterjee said that in the next five years, Modi and Katari Amir have decided to set a goal to double bilateral trade from US $ 14 billion to US $ 28 billion.

Last year, during Modi’s visit to Qatar, India signed a $ 78 billion agreement to extend the import of LNG from the Gulf for up to 20 years.

They also exchanged ideas on the “regional and global issues” of mutual interest, and naturally, the Middle East situation and the growing debate. Both sides have reported the mutual positions we have on the Israeli-Hamas issue. India expressed its own position, the pruning party expressed their own position, and we exchanged ideas. Both leaders discussed it, ”said Chatterjee when asked if the situation was in talks.

He was asked what strategic partnership was, if expected to be a part of security cooperation.

“At this time, we are not talking about any kind of security,” he said.

India has experienced good relationships with countries like Iran for centuries, while small gas -filled nation Qatar is one of India’s closest ally in the region. India shares good relations with most countries in the Gulf.

The two most important reasons for the relationship are oil and gas and trade. Qatar is 41% of India’s total natural gas imports. There are two additional reasons for a large number of Indians working in the Gulf countries, the money they send back home.

With inputs of agencies